10 Things You Must Know About Bull Markets

It's easy to look smart when most stocks are gaining day after day, but how much do you really know about the workings of bull markets?

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There’s a saying on Wall Street: Don’t confuse brains with a bull market.

After all, when most stocks are gaining day after day, it’s easy to look smart. Indeed, the market has been in bull mode for so much of the last decade-plus, that it's hard to remember what challenging investing looks like.

Technical analysts differ on the definition of a bull market, but by one measure the S&P 500 confirmed it was in a bull on January 19, 2024, when it closed above its previous record close set back on January 3, 2022. 

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.