Revision 32178 of "ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ" on chrwiki

[[Image:Bulle und Bär Frankfurt.jpg|thumb|250px|ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᎠᏣᏪᏐᎸᏍᏙᏗ ᎭᏫᎾᏗᏢ ᎢᎬᏱᏗᏢ  ᎯᎠ [[Frankfurt Stock Exchange|Frankfurt ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎦᏁᏟᏴᏍᏗ]]]]

ᎭᏫᎾᏗᏢ [[investing|ᎤᎳᏂᎬᎬ]], [[financial market|ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ]]ᎠᎴ ᏱᏓᏟᎶᏍᏔᏅ ᎤᏬᎯᏳᏅ ᎤᎭ '''ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ''' Ꮎ ᏰᎵᏇ ᎾᏍᏋ classified ᏥᏄᏍᏗ ᎢᎬᏱ ᎠᎴᏅᏗ ᏫᏚᏳᎪᏛ, ᎠᏂᎦᏲᎵ ᏫᏚᏳᎪᏛ (ᏍᏆᎳᎢ-ᎠᎴᏂᏍᎬ), ᎠᎴ ᎯᏍᎩ ᏫᏚᏳᎪᏛ (ᎦᏅᎯᏓ-ᎠᎴᏂᏍᎬ).  ᎪᎯ ᎤᏬᎯᏳᏒ ᎨᏒᎢ ᏂᎦᎥᏊ ᎤᏠᏱᎭ ᎬᏙᏗ ᎯᎠ ᎬᏙᏗ-ᎠᏏᎾᏍᏛ ᎠᎵᏏᎾᎯᏍᏙᏗ [[technical analysis|ᎤᏦᏍᏗ ᏂᎬᎿᏅ ᏗᎫᎪᏙᏗ ᎢᎬᏁᏗ]] ᎠᎴ ᎠᏯᏖᎾ ᏧᏓᎴᎾᎢ ᎬᏙᏗ ᎯᎠ [[efficient markets hypothesis|ᎠᏏᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ ᏄᏍᏗᏓᏅ]].

'''ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ''' ᎨᏒᎢ ᎠᏂᏙᎾᎥ ᎠᎴᏫᏍᏙᏗ ᎢᏳᏩᎪᏗ ᎯᎳᎪ ᎢᏳ ᏚᏂᎬᏩᎶᏔᏅ ᎠᎴ ᎠᎵᏌᎳᏗᏍᎬ ᎭᏫᎾᏗᏢ ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ ᎦᏣᏄᎳᎯᎨ ᎬᎾᏬᏍᎬ ᎤᎾᏤᎵ ᎧᏃᎮᏍᎩ ᏄᎵᏍᏔᏅ ᎢᎦᏘᎭ ᎢᎬᏁᎸ, ᎭᏫᎾᏗᏢ ᏧᏓᎴᎾᎢ '''ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ''' ᎦᏙ ᎤᏍᏗ ᎨᏒᎢ ᎠᏂᏙᎾᎥ ᎠᎴᏫᏍᏙᏗ ᎢᏳᏩᎪᏗ ᎯᎳᎪ ᎢᏳ ᏚᏂᎬᏩᎶᏔᏅ ᎠᎴ ᎦᎶᏍᎬ.

Investors ᏰᎵᏇ ᎾᏍᏋ ᏄᏍᏛ ᎧᏃᎮᎸ ᏥᏄᏍᏗ ᎤᎲᎢ ''bullish'' ᎠᎴ ''ᏂᏚᏍᏛᎢ'' ᏴᏫ ᏂᏓᏁᎵᏍᎬ.  ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ ᎠᎴ witnessed ᎯᎳᎪ ᎢᏳ ''ᏩᎦᏧᎧᏅᏍᏕᎾ'' (ᎤᏩᏍᎩ) ᎤᏂᎪᏗᏗ ''ᎯᎸᏍᎩ ᏲᏅ'' (ᎦᎾᏗᏅᏗ), ᎠᎴ ᏔᎵᏁ ᎠᏓᎴᏁ versa, ᎤᏠᏱᎭ ᎦᏬᎯᎸᏙᏗ ᎢᏳᏩᎪᏗ.  ᎭᏫᎾᏗᏢ ᏂᎦᎥ, ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏩᏎᎯᎰᎢ ᎯᎠ ᎤᏂᎾᏗᏅᏗ ᎠᎴ ᏴᏫ ᎾᏁᎵᏍᎬ ᏥᏄᏍᏗ ᏂᎦᏛ ᎠᎴ ᎾᏍᎩ ᏰᎵᏇ ᎾᏍᎩ ᎾᏍᏇ ᎾᏍᏋ ᎬᏔᏅᎯ ᏩᏎᏍᏗ ᏗᎪᏍᎩ ᎠᏓtᎤᏗ, ᎢᎦᏛ, ᎠᎴ ᎤᏠᏱ ("bullish ᎾᎿ IBM", "bullish ᎾᎿ ᎠᏏᎾᏒᎢ ᏚᏂᎲ ᏧᎬᏩᎶᏗ" ᎠᎴ "ᏂᏚᏍᏛᎢ ᎾᎿ ᎠᏕᎸ ᏓᎶᏂᎨ", ᎾᏍᎩᎾᎢ ᏱᏓᏟᎶᏍᏔᏅ).

==ᎢᎬᏱ ᎠᎴᏅᏗ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ==
===ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ===
<!-- 404 [[Image:Charging Bull at Bowling Green 060621.jpg|thumb|right|180px|''[[Charging Bull|ᏓᎫᏮᎶᏗᏍᎬ ᏩᎦᏧᎧᏅᏍᏕᎾ]]'' ᎾᎥᎢ [[Arturo Di Modica]] ᎭᏫᎾᏗᏢ [[Bowling Green (New York City)|ᎠᏟᏍᏙᏗ ᎢᏤ ᎢᏳᏍᏗ]], [[New York|ᎢᏤ York]]]] -->
ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ ᎾᏍᏋ ᎤᎾᎵᎪᏅᎯ ᎬᏙᏗ ᎧnᏉᏤᎩ investor ᎰᏩ ᎡᎵᏍᏗ, motivating investors ᎠᏩᎯᏍᏗ ᎭᏫᎾᏗᏢ ᎤᏚᎩ ᎣᏰ(Ꮈ)Ꮢ ᎤᏗᏗᏢ [[capital gain|ᎠᏰᎵ ᏗᎦᎳᏫᎢᏍᏗ ᎤᏁᏉᎢᏍᏗ]].  ᎯᎠ ᎦᏅᎯᎢᏍᏗ ᎠᎴ ᎤᎪᏗᏗ ᏗᎦᏃᏣᎵ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᏥᏄᏍᏛᎩ ᎭᏫᎾᏗᏢ ᎯᎠ 1990s ᎯᎳᎪ ᎢᏳ ᎯᎠ Ꭴ.. ᎠᎴ ᎤᎪᏗᏗ ᏐᎢ global ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ ᎤᏛᏒ ᎾᎾᎢ ᎤᎾᏤᎵ fastest ᎣᏍᏓᏞᎩ ᎢᏳᏊ [http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my&l=off&z=l&q=l&c=].

ᎭᏫᎾᏗᏢ ᏄᏍᏛ ᎠᏂᏃᎮᏍᎬ ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ ᎾᏛᏁᎲᎢ, ᎯᎠ ᎤᏔᏂᎢᏍᏗ ᎤᎾᏓᏟᏌᎲ ᎤᏂᎾᏗᏅᏗ participants ᎨᏒᎢ ᎢᏳᏓᎵᎭ ᏩᏎᎸᎯ , ᎤᏠᏱ ᎾᎬᏁᎲ, ᏥᏄᏍᏗ ''[[Herd behavior|ᎤᏂᎪᏗᏗ ᎦᎾᏝᎢ]]''.  ᎪᎯ ᎨᏒᎢ ᎾᏍᎩ ᎨᏒᎢ ᎠᎾᎵᏐᏈᎸᏍᎬ participants ᎭᏫᎾᏗᏢ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᎣᏂ ᏧᏩᎫᏛ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎤᏂᎪᏗᏗ ᎦᎾᏝᎢ ᎡᎿᎢ ᎡᎥ.  ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᎨᏒᎢ ᎾᏍᎩ ᎾᏍᏇ ᏄᏍᏛ ᎧᏃᎮᎸ ᏥᏄᏍᏗ ''ᏩᎦᏧᎧᏅᏍᏕᎾ ᏗᏍᏆᎸᏙᏗ''. [[Dow Theory|Dow ᎪᎷᏩᏛᏗ]] ᎠᏁᎸᏙᏗ ᏄᏍᏛ ᎧᏃᎮᏗ ᎯᎠ ᎠᎦᏓᏅᏖᏗ ᎾᏍᎩ ᎯᎠ ᎤᏂᎾᏗᏅᏗ ᎠᏓᏅᏏᏙᎠ.

===ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ===
ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ ᎾᏍᏋ accompanied ᎾᎥᎢ ᏂᎬᎢ ᏄᎶᏍᎨᏗᏴᎾ.  Investors ᎤtᎤᎩ ᎣᏰᎸᏍy ᎤᏗᏗᏢ losses ᎠᎴ motivated ᎦᎾᏗᏅᏗ, ᎬᏙᏗ ᏗᎦᏘᎴᎩ ᏄᏍᏛ ᎧᏃᎮᏗ ᏴᏫ ᎾᏁᎵᏍᎬ ᎨᎳᏍᏙᏗ ᎾᎿ ᎤᏩᏌᏊ ᎭᏫᎾᏗᏢ [[Virtuous circle and vicious circle|ᎠᏲᎶᎬ ᎦᏐᏆᎸ]].  ᎯᎠ ᎤᎪᏗᏗ ᏗᎦᏃᏣᎵ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎭᏫᎾᏗᏢ ᎧᏃᎮᏍᎩ ᏥᏄᏍᏛᎩ ᎯᎠ [[Great Depression|ᎡᏆ ᎧᏂᎬᎾᎥ]] ᎯᎠ 1930s [http://finance.yahoo.com/q/ta?s=%5EDJI&t=my&l=on&z=l&q=l&p=&a=&c=].

ᏚᏂᎬᏩᎶᏔᏅ ᏒᏃᏱ ᎡᎯ ᏅᏙ ᏂᎪᎯᎸᎢ ᎾᎿ ᎯᎠ ᎠᏍᏚᎢᏛ ᎤᏂᎾᏗᏅᏗ; ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎨᏒᎢ ᎾᏍᎩ ᏂᎨᏒᎾ ᏄᏦᏍᏛᎾ ᎠᏓᏯᏍᏗ, ᎠᎴ ᎬᏂᎨᏒ ᏄᏍᏛᎢ ᎪᎭᏍᎬ ᎭᏫᎾᏗᏢ ᎯᎠ ᏚᏂᎬᏩᎶᏔᏅ ᎠᏍᏓᏅᏅ ᎠᏯᏙᎯᎲ ᎦᏬᎯᎸᏙᏗ ᎧᏁᎢᏍᏔᏅᎯ ᎠᎴᏫᏍᏙᏗ ᎢᏳᏩᎪᏗ. ᎾᎥᎢ ᏌᏊ ᏧᏣᏔᏊ ᏩᏎᏍᏗ ᎾᎿ, ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎨᏒᎢ ᎪᏪᎳᏅᎯ ᎾᎥᎢ ᏧᎬᏩᎶᏗ ᎠᏓᏯᏍᏗ 20% ᎠᎴ ᎤᏟ ᎢᎦᎢ ᎭᏫᎾᏗᏢ ᏍᏚᎢᏍᏗ [[stock market index|ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎠᏩᏛᏗ]] ᏂᏛᎴᏅᏓ ᎾᏞᎬ ᏫᎪᏍᏓᏴ ᎦᏬᎯᎸᏙᏗ ᎾᎾᎢ ᎠᏂᎦᏲᎵ ᏔᎵ-ᏏᏅᏙ ᎠᎴᏫᏍᏙᏗ. ᏱᏂᎬᏛᎾ, Ꮭ consensual ᏩᏎᏍᏗ ᎾᎿ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎬᏂᎨᏒ ᏂᏚᏍᏗ ᏰᎵ ᏧᎸᏌᏓ differentiate ᎢᎬᏱ ᎠᎴᏅᏗ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ ᏂᏛᎴᏅᏓ ᎠᏂᎦᏲᎵ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ.

==ᎠᏂᎦᏲᎵ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ==
'''ᎠᏂᎦᏲᎵ ᏫᏚᏳᎪᏛ''' ᎨᏒᎢ ᎢᎬᏱ ᎨᏰᎯ ᏧᎾᏍᏗ ᎭᏫᎾᏗᏢ ᏧᎬᏩᎶᏗ ᎭᏫᏂᏗᏢ ᎢᎬᏱ ᎠᎴᏅᏗ ᏫᏚᏳᎪᏛ.  ᎾᏍᎩ ᎯᎠ ᎤᏠᏱᎭ ᎣᏂ ᎦᏲᎵ ᎯᎸᏍᎩ ᎢᏳᎾᏙᏓᏆᏍᏗ ᎦᏲᎵ ᎢᏯᏅᏓ.  ᎢᎬᏱ ᎨᏰᎯ ᎠᏍᏓᏩᏛᏍᏗ ᎾᎯᏳᎨᏒ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᎨᏒᎢ ᎤᏯᏅᎲ '''ᎠᎪᏢᎯᏏᏍᎬ'''; ᎢᎬᏱ ᎨᏰᎯ ᎧᏁᏉᎩ ᎾᎯᏳᎨᏒ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎨᏒᎢ ᎤᏯᏅᎲ '''ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏙᎢᏗᎬᏁᏗ'''.

ᎢᏳᏃ ᏧᎾᏍᏗ ᎨᏒᎢ ᎠᎪᏢᎯᏏᏍᎬ ᎠᎴ ᏙᎢᏗᎬᏁᏗ ᏰᎵᏇ ᎾᏍᏋ ᏕᎫᎪᏔᏅ ᎾᏍᎩ ᎤᏩᏒ ᎬᏙᏗ hindsight.  ᎯᎳᎪ ᎢᏳ ᏫᏚᏳᎪᏛ ᎠᎴᏅᏗ ᎦᎾᏄᎪᎢᏍᏗ, ᎤᏂᎾᏗᏅᏗ ᎤᏂᎦᏛᎲᏍᎩ ᏗᏟᏴ ᏗᎦᏬᏂᎯᏍᏗ ᎢᏳᏃ ᎾᏍᎩ ᎨᏒᎢ ᎠᎪᏢᎯᏏᏍᎬ/ᏙᎢᏗᎬᏁᏗ ᎠᎴ ᎢᏤ ᏩᎦᏧᎧᏅᏍᏕᎾ/ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ, ᎠᎴ ᎾᏍᎩ ᎨᏒᎢ ᎤᏦᏍᏗ ᏚᎵᏃᎮᎸ.  ᎠᎪᏢᎯᏏᏍᎬ ᏱᏓᏟᎶᏍᏔᏅ ᏗᎦᏃᏣᎳᏅ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ.

===ᎠᎪᏢᎯᏏᏍᎬ===
ᎤᏂᎾᏗᏅᏗ ᎠᎪᏢᎯᏏᏍᎬ ᎨᏒᎢ ᏱᏓᏟᎶᏍᏔᏅ ᎧᏁᎢᏍᏔᏅᎯ ᏥᏄᏍᏗ ᎪᎭᏍᎬ ᎾᎾᎢ ᎠᏂᎦᏲᎵ 10%, ᎠᎴ ᎾᏍᎩ ᏂᎨᏒᎾ ᎤᏟ ᎢᎦᎢ ᎬᎾᏬᏍᎬ 20% (25% ᎾᎿ intraday ᎦᏁᏟᏴᏍᏗ).

ᎠᏂᏯᏩᏍᎩ ᏄᎬᏫᏳᏒ [[disaster|ᎤᏐᏅᎢ]]ᎠᎴ ᏗᎦᏘᎴᎩ ᏄᏍᏛ ᎧᏃᎮᏗ [[geopolitics|geopolitical]] ᏂᏕᎦᎵᏍᏔᏂᏙᎲ ᏰᎵᏇ ᎠᏓᏪᎳᎩᏍᎬ ᎠᎪᏢᎯᏏᏍᎬ.  ᏌᏊ ᏱᏓᏟᎶᏍᏔᏅ ᎨᏒᎢ ᎯᎠ ᎾᎾᏛᏁᎲ ᎯᎠ ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎣᏍᏛ ᎤᏓᎷᎸ ᎠᎴ ᎤᎶᏐᏅ ᎯᎠ [[September 11, 2001 attacks|ᏚᎵᏍᏗ 11, 2001 ᏗᎦᏘᎸᏍᏗ]]. ᎾᎿ [[September 7|ᏚᎵᏍᏗ 7]], [[2001]], ᎯᎠ Dow ᎤᏅᏨᎩ 234.99 ᏗᎪᏍᏓᏱ 9,605.85, ᎧᎵᏬᎯ ᎠᎵᏂᎬᏁᏗᎢ ᎯᎠ Dow ᎾᎾᎯ ᎠᎪᏢᎯᏏᏍᎬ. ᎾᎿ [[September 17|ᏚᎵᏍᏗ 17]], [[2001]], ᎯᎠ ᎢᎬᏱ ᎢᎦ ᎦᏁᏟᏴᏍᏗ ᎤᎶᏐᏅ ᎯᎠ ᏗᎦᏘᎸᏍᏗ, ᎯᎠ [[Dow Jones Industrial Average|Dow Jones ᏧᏂᎸᏫᏍᏓᏁᏗ ᎢᎦᏘᎭ ᎢᎬᏁᎸ]] plunged 684.81 ᏗᎪᏍᏓᏱ 8,920.70. Ꮎ ᎤᏲᎱᏎᎸ ᎠᏰᎵ ᎤᏒᎧᎵ pushed ᎯᎠ Dow, ᎾᏍᎩ ᏂᎨᏒᎾ ᎣᏍᏛ ᎢᏧᎳᎭ ᎤᏗᏗᏢ ᎾᎾᎯ ᎠᎪᏢᎯᏏᏍᎬ, ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ.

ᎢᎬᏂᏏᏍᎩ ᎧᏂᎬᎾᎥ ᏚᏂᎬᏩᎶᏔᏅ ᎠᎴ ᏓᎬᏩᎶᏛ, ᎤᏂᎾᏗᏅᏗ ᏓᏃᏢᎯᏏᏍᎬ ᏰᎵᏇ ᎾᏍᏋ ᎣᏍᏛ ᎠᏓᏜᏅᏓᏕᎲ ᎾᏍᎩᎾᎢ ᏧᎬᏩᎶᏗ-ᏗᏟᎶᏍᏙᏗ investors.  ᎢᏳᏃ ᏌᏊ ᎠᏩᎯᏍᏗ ᏚᏂᎲ ᏧᎬᏩᎶᏗ ᎯᎳᎪ ᎢᏳ ᏂᎦᏛ ᎠᎴ ᎾᏍᎩ ᎨᏒᎢ ᎠᏂᎾᏕᎬ, ᎯᎠ ᏚᏂᎬᏩᎶᏔᏅ ᎤᎶᏒᎩ ᎠᎴ ᎾᏍᎩ ᎢᎬᏂᏏᏍᎩ ᎯᎠ [[P/E ratio|P/E ᎠᎾᎵᏐᏈᎸᏍᎬ]] ᎡᎪᎢ ᎡᎳᏗ.  ᎭᏫᎾᏗᏢ ᎦᏟᏐᏗᎩ, ᏌᏊ ᎨᏒᎢ ᏰᎵᏆ ᎢᏯᏛᏁᏗ ᎠᏩᎯᏍᏗ undervalued ᏚᏂᎲ ᏧᎬᏩᎶᏗ ᎬᏙᏗ ᎦᎸᎳᏗᎨᏍᏗ ᏰᎵᏊ upside ᏰᎵᏊ ᏱᎩ.

===ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏙᎢᏗᎬᏁᏗ===
ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏙᎢᏗᎬᏁᏗ ᎨᏒᎢ ᏱᏓᏟᎶᏍᏔᏅ ᎧᏁᎢᏍᏔᏅᎯ ᏥᏄᏍᏗ ᎤᎵᏌᎳᏙᏗ ᎾᎾᎢ ᎠᏂᎦᏲᎵ 10%, ᎠᎴ Ꮭ ᎤᏟ ᎢᎦᎢ ᎬᎾᏬᏍᎬ 20%.

ᎢᎦᏪᏛ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ rallies ᏄᎵᏍᏔᏅᎩ ᎭᏫᎾᏗᏢ ᎯᎠ [[Dow Jones Industrial Average|Dow Jones]] ᎠᏩᏛᏗ ᎤᎶᏐᏅ ᎯᎠ [[1929]] ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎤᏲᏨᎯ ᏓᏓᏘᏂᏒ ᎦᎸᎳᏗᏢ ᎯᎠ ᎤᏂᎾᏗᏅᏗ ᎭᏫᏂ ᎭᏫᎾᏗᏢ [[1932]], ᏥᏄᏍᏗ ᎠᏔᎴᏒ ᎠᎹᏱ ᏥᏄᏍᏗ ᏂᎦᏅᎯᏒ ᎯᎠ ᎣᏂᏱᏳ [[1960s]] ᎠᎴ ᎢᎬᏱ [[1970s]]. ᎯᎠ [[ᏣᏆᏂ|ᎠᏰᎵ]] [[Nikkei stock average|Nikkei ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎢᎦᏘᎭ ᎢᎬᏁᎸ]] ᎤᎭ ᏭᏪᏙᎢ typified ᎾᎥᎢ ᏎᏍᏗ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ rallies ᎣᏂ ᏧᏩᎫᏛ ᎯᎠ ᎣᏂᏱᏳ [[1980s]] ᎾᎯᏳᎢ experiencing ᎾᎿ overall downward ᏫᏚᏳᎪᏛ.

==ᎯᏍᎩ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ==
'''ᎯᏍᎩ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ''' ᎨᏒᎢ ᎦᏅᎯᏓ-ᎠᎴᏂᏍᎬ ᏫᏚᏳᎪᏛ Ꮎ ᎣᏂ 5 20 ᏧᏕᏘᏴᏓ, ᎠᎴ ᎤᎾᏠᏯᏍᏗ sequential ᎢᎬᏱ ᎠᎴᏅᏗ ᏫᏚᏳᎪᏛ.  ᎭᏫᎾᏗᏢ '''ᎯᏍᎩ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ''' ᎯᎠ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎠᎴ ᎠᏂᎦᏲᎵ ᎬᎾᏬᏍᎬ ᎯᎠ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ.  ᎢᏯᏛᏁᎵᏓᏍᏗ, ᎠᏂᏏᏴᏫᎭ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎾᏛᏁ ᎾᏍᎩ ᏂᎨᏒᎾ ᎦᏅᎦᎶᏗ ᎠᏥᏄqᎣᏫᏍᎬ ᎯᎠ ᏗᎪᏢᏔᏅ ᎯᎠ ᏧᏩᎫᏔᏅ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ, ᎠᎴ ᎯᎠ ᏐᎢ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᏗᎪᏢᏅ ᎦᎸᎳᏗᏢ ᎯᎠ losses ᎯᎠ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ.  ᏧᏓᎴᎾᎢ, ᎭᏫᎾᏗᏢ '''ᎯᏍᎩ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ''', ᎯᎠ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᎠᎴ ᎠᏂᎦᏲᎵ ᎬᎾᏬᏍᎬ ᎯᎠ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎠᎴ ᎿᏛᎦ ᎾᏍᎩ ᏂᎨᏒᎾ ᎦᏅᎦᎶᏗ ᎠᏥᏄqᎣᏫᏍᎬ ᎯᎠ losses ᎯᎠ ᏧᏩᎫᏔᏅ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ.

ᏱᏓᏟᎶᏍᏔᏅ ᎯᏍᎩ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏥᏄᏍᏛᎩ ᎠᎪᎲᎢ ᎭᏫᎾᏗᏢ [[gold|ᎠᏕᎸ ᏓᎶᏂᎨ]] ᎦᏬᎯᎸᏙᏗ ᎯᎠ ᎠᎴᏫᏍᏙᏗ ᎠᏰᎵ ᎤᏃᎸᏔᏂ 1980 ᏕᎭᎷᏱ 1999, ᎦᏬᎯᎸᏙᏗ ᎦᏙ ᎤᏍᏗ ᎯᎠ ᎠᏕᎸ ᏓᎶᏂᎨ ᏧᎬᏩᎶᏗ ᎤᏅᏨᎩ ᏂᏛᎴᏅᏓ ᎦᎸᎳᏗ $850/oz ᎡᎳᏗ $253/oz [http://www.kitco.com/LFgif/au968-999.gif], ᎦᏙ ᎤᏍᏗ ᎪᏢᎯ ᎢᎪᏢᎯ ᎢgᏁᎸᎯ ᎢᎦᏛ ᎯᎠ [[Great Commodities Depression|ᎡᏆ Commodities ᎧᏂᎬᎾᎥ]].  ᏧᏓᎴᎾᎢ, ᎯᎠ [[S&P 500|&P 500]] ᎤᎦᏙᎲᏒᎢ ᎯᏍᎩ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ ᎦᏬᎯᎸᏙᏗ ᎤᏠᏱ ᎢᏳᏩᎪᏗ ᎠᎴᏫᏍᏙᏗ [http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my&l=off&z=l&q=l&c=].

ᎾᏍᎩ ᎯᎠ ᎯᏍᎩ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏫᏚᏳᎪᏛ ᎠᎴ ᎾᏍᎩ ᎾᏍᏇ termed "supercycles".  "[[Grand supercycle|ᏩᎦᎸᎳᏗᏴ supercycle]]" 50 300 ᏧᏕᏘᏴᏓ ᎤᎭ ᎾᏍᎩ ᎾᏍᏇ ᏭᏪᏙᎢ ᎧᏁᎢᏍᏔᏅ ᎾᎥᎢ [[Nikolai Kondratiev]] ᎠᎴ [[Ralph Nelson Elliott]].

==ᎤᏂᎾᏗᏅᏗ ᏂᏕᎦᎵᏍᏔᏂᏙᎲ==
{{main|Stock market boom|Stock market crash|Stock market bubble}}
ᎤᏚᏃᎯᏍᏔᏍᎧ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ fueled ᎾᎥᎢ ᎬᎨᏫᏍᏗ ᎠᎴ/ᎠᎴ ᎤᏝᏅᏓᏕᎲ ᏰᎵᏇ ᎦᏂ [[stock market bubble|ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎥᏝ ᎪᎱᏍᏗ]].  ᎾᎾᎢ ᎯᎠ ᏐᎢ ᎦᎶᏒᏍᏔᏅ, ᎤᏚᏃᎯᏍᏔᏍᎧ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ, Ꮎ ᏫᏚᏳᎪᏛ ᎾᏍᏋ ᎤᎾᎵᎪᏅᎯ ᎬᏙᏗ ᎦᎶᏍᎬ investor ᎰᏩ ᎡᎵᏍᏗ ᎠᎴ ᎤᎾᏰᎯᏍᏗ ᎠᏂᎾᏕᎬ, ᏰᎵᏇ ᎦᏂ [[stock market crash|ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎤᏲᏨᎯ]] ᎠᎴ [[recession|ᎠᏏᏅᏍᏗ]].

==ᏂᏕᎬᏂᏏᏍᎬ==
ᎢᏧᎳ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎠᎾᏍᎬᏘ ᎾᏍᏋ fueled ᎾᎥᎢ ᎤᏃᏴᎬ ᎠᎳᏏᏅᏙᏗ ᏗᏓᏁᏤᏗ ᎠᎴ/ᎠᎴ ᎾᎥᎢ ᎤᏝᏅᏓᏕᎲ ᎠᎴ/ᎠᎴ investors ᎣᏓᏅᏛ biases.  ᎯᎠ ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎨᏒᎢ controlled ᎾᎥᎢ ᏴᏫ ᎠᎴ, ᏥᏄᏍᏗ ᏄᎵᏍᏔᏅ, ᎠᏓᏖᎸᏍᎬ.  ᎤtᎤᎩ ᏚᏅᏒ ᏗᏁᎶᏗ ᎡᏆ ᎢᎦᏛ ᎭᏫᎾᏗᏢ ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ ᎠᎴ ᎭᏫᎾᏗᏢ ᎯᎠ ᏗᎦᏁᏟᏴᏍᏗ ᏂᏛᎴᏅᏓ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎵᏐᏆᎸᏗ ᏄᏍᏗᏓᏅ.  ᎤᏟ ᎢᎦᎢ ᎧᎵᏬ ᏗᏙᎳᎩ, ᎠᎦᏎᏍᏙᏗ ᎢᏳᏗᎾ ᎾᏍᏋ ᎤᎫᏴᏓ ᎤᏙᎯᏳ ᎠᏍᏆᏂᎪᎯᏍᏗ ᎠᎴ ᏗᎦᏘᎴᎩ ᏄᏍᏛ ᎧᏃᎮᏗ ᎠᏍᏆᏂᎪᎯᏍᏗ.  ᎯᎠ ᏫᏚᏳᎪᏛ ᎨᏒᎢ ᎾᏍᎩᎾᎢ ᎤᏙᎯᏳ ᎠᏍᏆᏂᎪᎯᏍᏗ characterise ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ (ᎯᎳᎪ ᎢᏳ ᎯᎠ ᏗᏤᎢ ᏂᎪᎯᎸᎢ ᏫᏚᏳᎪᏛ ᎦᎶᏒᏍᏔᏅ investor ᎤᏤᎵ ᎤtᎤᎩ ᏚᏅᏒ) ᎠᎴ ᏧᏓᎴᎾᎢ ᏗᎦᏘᎴᎩ ᏄᏍᏛ ᎧᏃᎮᏗ ᎠᏍᏆᏂᎪᎯᏍᏗ ᏫᏚᏳᎪᏛ characterise ᎯᎠ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ (ᎬᏙᏗ ᎤtᎤᎩ ᏚᏅᏒ ᎤᎵᏓᏍᏔᏅᎯ).

==ᎤᏦᏍᏗ ᏂᎬᎿᏅ ᏗᎫᎪᏙᏗ ᎢᎬᏁᏗ==
{{main|Technical analysis}}
[[Technical analysis|ᎤᏦᏍᏗ ᏂᎬᎿᏅ ᏗᎫᎪᏙᏗ ᎢᎬᏁᏗ]] ᎠᏁᎸᏙᏗ ᏗᎫᎪᏙᏗ ᎢᏳᏃ ᎤᏂᎾᏗᏅᏗ ᎠᎴ ᎫᏓᎸᏙ ᎨᏒᎢ ᎭᏫᎾᏗᏢ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᏓᏓᏁᏟᎥyᏎᎬ ᎠᎴ ᎠᏛᎯᏍᏙᏗ ᎦᏁᏟᏴᏍᏗ strategies ᎠᎵᏖᎸᏗ ᎪᎯ ᏓᏓᏁᏟᎥyᏎᎬ.  ᎤᎪᏗᏗ ᎤᏦᏍᏗ ᏂᎬᎿᏅ ᎤᏂᎦᏛᎲᏍᎩ ᎤᏬᎯᏳ Ꮎ ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ ᎠᎴ [[Business cycle|ᎠᏓᏠᎯᏍᏗ]] ᎠᎴ ᎠᏓᏅᏍᏗ ᎭᏫᎾᏗᏢ ᎠᎴ atsinuqowisgv ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏓᏓᏁᏟᎥyᏎᎬ ᏂᎦᏛ ᎤᏠᏱᎭ.

==ᎧᏁᏨ==
ᎯᎠ ᏚᏳᎪᏛ ᎠᏓᎴᏂᏍᎬ ᎯᎠ ᎯᎸᏍᎩ ᎢᎧᏁᏣ "ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏂᎾᏗᏅᏗ" ᎠᎴ "ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ" ᎨᏒᎢ ᎤᏕᎵᏒ. ᎯᎠ ᎤᎪᏗᏗ ᏧᏣᏔᏊ [[etymology|ᎧᏁᏨ]] ᏗᎪᏍᏓᏱ [[London]] [[bear|ᎠᎵᏐᏆᎸᏗ]]ᎦᏁᎦ "ᎤᏂᏩᏍᎩ" (ᏗᏓᎾᏓᏁᎯ) {{citation needed}}, ᎦᎪ ᏯᏓᎢᏗᏏ ᎦᎾᏗᏅᏗ ᎫᏢᎥᏍᎬ ᎤᏓᎷᎸ ᎯᎠ ᎯᎸᏍᎩ ᏲᏅ ᎠᏰᎲ ᎤᏙᎯᏳᎯᏯ ᏭᏪᏙᎢ ᎦᏂᏴᏛ ᎭᏫᎾᏗᏢ ᏧᏓᎴᎾᎢ ᎯᎠ [[proverb|ᎧᏁᎬᎢ]] ''ᎢᏚᏳᎪᏛ vendez ᏭᎵᏍᎨᏗᏴ ᏂᏚᏍᏛᎢ peau ᏧᎬᏩᎶᏗ ᎠᎦᏘᏯ l'ᎢᎦᏤᎵ ᎾᏛᏁᎸ ᏧᎬᏩᎶᏗ ᎠᎦᏘᏯ l’avoir tué'' ("ᎫᏢᎥᏍᎬ't ᎦᎾᏗᏅᏗ ᎯᎠ ᎫᏢᎥᏍᎬ ᎤᏓᎷᎸ ᏂᎯ've ᎠᏥᎸᎩ ᎯᎠ ᎠᎵᏐᏆᎸᏗ")&mdash;ᎠᏓᏓᏰᏙᏗ ᏗᎦᏘᎴᎩ ᎦᏬᎯᎸᏙᏗ-ᏄᎶᏍᎨᏗᏴᎾ {{citation needed}}. ᎾᎥᎢ ᎯᎠ ᎢᏳᏩᎪᏗ ᎯᎠ [[South Sea Bubble|ᎤᎦᎾᏭ ᎠᎺᏉᎯ ᎥᏝ ᎪᎱᏍᏗ]] [[1721]], ᎯᎠ ᎠᎵᏐᏆᎸᏗ ᏥᏄᏍᏛᎩ ᎾᏍᎩ ᎾᏍᏇ ᎤᎾᎵᎪᏅᎯ ᎬᏙᏗ [[short selling|ᏍᏆᎳᎢ ᎠᏂᎾᏕᎬ]]; ᎤᏂᏩᏍᎩ ᏯᏓᎢᏗᏏ ᎦᎾᏗᏅᏗ ᎫᏢᎥᏍᎬ ᎤᏅᏌ ᏄᏛᏁᎸ ᎾᏍᎩ ᏂᎨᏒᎾ ᎣᏤᎵ ᎭᏫᎾᏗᏢ ᎤᏚᎩ ᎣᏰ(Ꮈ)Ꮢ ᎦᎶᏍᎬ ᏚᏂᎬᏩᎶᏔᏅ, ᎦᏙ ᎤᏍᏗ ᏯᏓᎢᏗᏏ ᏰᎵ ᎢᏳᎵᏍᏙᏗ ᎠᏂ ᎠᏩᎯᏍᏗ ᎠᏂ ᎣᏂᏯᎨᏍᏙᏗ ᎾᏍᎩᎾᎢ ᏗᎦᏟᏌᏅᎯ ᎪᏢᏔᏅ. 

ᎢᎦᏛ analogies Ꮎ ᎤᎭ ᏭᏪᏙᎢ ᎠᏎᏒᏓ, ᎠᎴ ᎠᎴ ᏄᏓᎷᎸᎾ [[False etymology|ᎦᎶᏄᎮᏛ etymologies]]:
* ᎾᏍᎩ ᎧᏁᎢᏍᏙᏗ ᎯᎠ ᏧᏣᏔᏊ ᎬᏙᏗ ᎾᏍᎩ ᎯᎠ ᎡᎿᎢ ᎡᎥ ᎭᏫᎾᏗᏢ [[bloodsport]], ᎠᏯ.e [[bear-baiting|ᎠᎵᏐᏆᎸᏗ-ᎠᏑᏗ ᎦᏙᏗ]] ᎠᎴ [[bull-baiting|ᏩᎦᏧᎧᏅᏍᏕᎾ-ᎠᏑᏗ ᎦᏙᏗ]].
* ᎾᏍᎩ ᏩᏎᎯᎰᎢ ᎯᎠ ᎦᎶᎯᏍᏗ Ꮎ ᎯᎠ ᎡᎿᎢ ᎡᎥ ᏗᎦᏘᎸᏍᏗ: ᏩᎦᏧᎧᏅᏍᏕᎾ ᏗᎦᏘᎸᏍᏗ ᎬᏙᏗ Ꮝ ᏗᎦᎴᏅᏗ ᏂᏛᎴᏅᏓ ᎭᏫᏂ ᎦᎸᎳᏗᏢ; ᎠᎵᏐᏆᎸᏗ ᏗᎦᏘᎸᏍᏗ ᎬᏙᏗ Ꮝ ᎤᏩᏱ ᏂᏛᎴᏅᏓ ᎦᎸᎳᏗᏢ, downward.
* ᎾᏍᎩ ᎧᏁᎢᏍᏙᏗ ᎯᎠ ᎦᏣᏄᎳ ᎯᎠ ᎡᎿᎢ ᎡᎥ: ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏠᏱᎭ ᏓᎬᏩᎶᏗ ᎾᎾᎢ ᎤᏙᎯᏳ ᎦᎸᎳᏗ ᎦᏣᏄᎳ ᎠᎦᏎᏍᏙᏗ ᎯᎸᏍᎩ ᏲᏅ ᏄᎶᏒᏍᏛᎾ ᎠᎴ ᎤᏓᏄᎸᎯ ᎠᎴ ᎠᎦᏎᏍᏙᏗ ᎪᏪᎵ Ꭺgoweli gowlisgi.
* ᎤᏅᏌ ᎨᏒᎩ ᎠᎴᏅᏔᏅ ᎬᏔᏅᎯ ᎭᏫᎾᏗᏢ ᏩᏎᎸᎯ ᏔᎵ ᎠᎦᏴᎵ ᎤᏓᎾᏂ ᎠᏕᎸ ᏗᏗ ᎯᎸᏍᎩ ᎢᏯᏓᏁᎸ, ᎯᎠ Barings ᎠᎴ ᎯᎠ Bulstrodes.
* ᎯᎸᏍᎩ ᏲᏅ [[Hibernation|ᏧᏓᏗᎩᏓ]], ᎾᎯᏳᎢ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎿᏛᎦ ᎾᏍᎩ ᏂᎨᏒᎾ.
* ᎯᎸᏍᎩ ᏲᏅ ᎠᏍᏆᏂᎪᏙᏗ ᎤᎾᏤᎵ ᎠᏂᎭᏳᎨᏂ ᎦᎸᎳᏗᏢ, ᎾᎯᏳᎢ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᏍᏆᏂᎪᏙᏗ ᎤᎾᏤᎵ ᎠᏂᎭᏳᎨᏂ ᎡᎳᏗ.
* ᎠᎵᏐᏆᎸᏗ ᎠᎩᎳᎨᏂ ᏗᎪᏍᏓᏱ ᎡᎳᏗ ᎾᎯᏳᎢ ᏩᎦᏧᎧᏅᏍᏕᎾ ᎤᏤᎵ ᏗᎪᏍᏓᏱ ᏂᎦᏛᎢ.

==ᏄᏍᏛ ᏗᎧᏃᏗ ᏱᏓᏟᎶᏍᏔᏅ==
* ᏝᏱᎪᎯᎩ, ᎭᏫᎾᏗᏢ ᎠᎾᏍᎬᏘ 2006, emerging ᎤᏂᎾᏗᏅᏗ ᎠᏠᏯᏍᏗᏍᎩ ᎠᎹ ᎦᏄᎪᎬ witnessed ᎠᎪᏢᎯᏏᏍᎬ. Indices ᎤᏅᏨᎩ ᏥᏄᏍᏗ ᎤᏣᏘ ᏥᏄᏍᏗ 20% ᎤᏓᎷᎸ resuming ᎯᎠ ᎯᏍᎩ ᏩᎦᏧᎧᏅᏍᏕᎾ ᏗᏍᏆᎸᏙᏗ.
* ᎯᎠ ᎤᎪᏗᏗ ᎾᏞᎬ ᏱᏓᏟᎶᏍᏔᏅ ᎠᎪᏢᎯᏏᏍᎬ ᏭᎵᏍᎨᏗᏴ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᏥᏄᏍᏛᎩ ᎯᎠ ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎾᎾᏛᏁᎲ ᎾᎯᏳᎨᏒ ᎯᎠ 3rd ᎩᏄᏙᏗ 2001. ᎤᏦᎠᏎᏗ ᏧᎸᏫᏍᏓᏁᏗ, ᏗᎦᎸᏫᏍᏓᏁᏗ, ᎠᎴ ᎤᏍᏗ ᎠᏓᎾᏅ ᏗᏎᏍᏗ ᎭᏫᎾᏗᏢ ᎦᏟᏐᏗᎩ ᎯᎠ [[September 11 attacks|ᏚᎵᏍᏗ 11 ᏗᎦᏘᎸᏍᏗ]] pushed ᎯᎠ ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎾᎾᎯ ᎠᎪᏢᎯᏏᏍᎬ ᎠᎴ ᎣᏂᏯᎨᏍᏙᏗ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ ᎾᎥᎢ ᏚᎵᏍᏗ 2001 Ꮎ ᏰᎵᏊ ᏄᏪᏨ ᎢᏳᏩᎪᏗ ᎥᏍᎩᏱ 2002.
* ᎯᎠ [[stock market downturn of 2002|ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ downturn  2002]] pushed ᎯᎠ Dow ᎠᎴ Nasdaq ᏂᏛᎴᏅᏓ ᎤᎾᏤᎵ ᎢᏯᎨᎵᏏᏓᏍᏗ ᎢᎦᏘᎭ ᎢᎬᏁᎸ ᎤᏩᎾᏕᏍᎩ 10,000 ᎠᎴ 2,000 ᎭᏫᎾᏗᏢ ᎠᎾᏱᎵᏒ, ᎨᏥᎸᏉᏗᏳ, ᎯᏍᎩ- ᎠᎴ ᏑᏓᎵ-ᏑᏕᏘᏴᏓ ᎡᎳᏗ 7,200 ᎠᎴ 1,100 ᎾᎥᎢ Ꮎ ᏚᏂᏃᏗ.
* ᎯᎠ [[Black Monday (1987)|ᎬᎿᎨ ᎤᎾᏙᏓᏉᏅᎯ]] ᎤᏲᏨᎯ [[1987]] ᏄᏛᏁᎸ ᎾᏍᎩ ᏂᎨᏒᎾ ᎦᏌᏙᏯᏍᏗ ᎯᎠ ᎤᏂᎾᏗᏅᏗ ᎾᎾᎯ ᎠᎵᏐᏆᎸᏗ ᎤᏂᎾᏗᏅᏗ. ᎾᏍᎩ ᏥᏄᏍᏛᎩ ᎪᏍᏓᏯ, ᎤᎾᏛᏁᎵᏗ ᎠᎪᏢᎯᏏᏍᎬ ᎭᏫᏂᏗᏢ upward ᏫᏚᏳᎪᏛ.
* ᎯᎠ [[October 27, 1997 mini-crash|ᏚᏂᏃᏗ 27, 1997 mini-ᎤᏲᏨᎯ]] ᎨᏒᎢ ᎠᎦᏎᏍᏔᏅ ᎾᏍᎩ ᏯᏛᎾ ᎤᏟ ᎢᎦᎢ ᎠᏲᎵ ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ ᎠᎪᏢᎯᏏᏍᎬ ᎯᎳᎪ ᎢᏳ ᎤᏠᏱᎭᎢ ᎬᎿᎨ ᎤᎾᏙᏓᏉᏅᎯ, ᎠᎴ, ᎾᏍᎩᏯᎢ ᎯᎠ 1987 ᎤᏲᏨᎯ, ᎾᏍᎩ ᏥᏄᏍᏛᎩ ᎠᎪᏢᎯᏏᏍᎬ ᎾᎯᏳᎨᏒ upward ᏫᏚᏳᎪᏛ.

==ᎠᎪᏩᏛᏗ ᎾᏍᎩ ᎾᏍᏇ==
* [[Business cycle|ᏗᎦᎸᏫᏍᏓᏁᏗ ᎠᏓᏠᎯᏍᏗ]] 
* [[Financial markets|ᎠᏕᎸ ᏄᎾᏍᏛ ᎤᏂᎾᏗᏅᏗ]]
* [[List of finance topics|ᏙᎪᏩᎸ  ᎠᎵᏍᏕᎸᏙᏗ ᎠᏕᎸ ᎬᏗ ᎢᏳᏍᏗ ᎧᏃᎮᏗ]]
* [[Stock market|ᎤᏂᎲ ᏧᎬᏩᎶᏗ ᎤᏂᎾᏗᏅᏗ]]
* [[Technical analysis|ᎤᏦᏍᏗ ᏂᎬᎿᏅ ᏗᎫᎪᏙᏗ ᎢᎬᏁᏗ]]

==ᏫᏓᏎᎸᎢ==
* ᏧᏠᎯᏍᏗ, David. ''[http://www.fool.com/retirement/retireeport/2000/retireeport000717.htm What Is a Bear Market?]'' [[The Motley Fool|ᎯᎠ ᏧᏠᎯᏍᏗ ᏄᏓᏅᏛᎾ]].
* Quinion, Michael ''ᏩᎦᏧᎧᏅᏍᏕᎾ ᎠᎴ ᎯᎸᏍᎩ ᏲᏅ,'' ''ᎡᎶᎯ ᎠᏯᏖᎾ ᎤᏂᏁᏨ'', [http://www.worldwidewords.org/qa/qa-bul1.htm].
* [http://beginnersinvest.about.com/cs/marketanalysis/a/020301a.htm Rejoice in a Stock Market Correction]
* [http://www.gold-eagle.com/editorials_01/alexander032101.html Secular market trends]
* [http://www.investmenttrivia.com Investment Trivia: History of Bulls and Bears]
* [http://www.mytradingsystem.net/Trend-Following-Systems.html Trend following systems] ᏕᎪᏏᏏ ᎯᎠ ᏄᏦᏍᏛᎾ ᎠᏓᏅᏖᏗ ᏫᏚᏳᎪᏛ ᎠᏍᏓᏩᏗᏒ ᎢᏯhᏛᏁᎵᏓᏍᏗ.

[[Category:ᎠᎾᎵᏏᎾᎯᏍᏗᏍᎩ]]

[[cs:Trend]]
[[da:Hausse og baisse]]
[[de:Bullen- und Bärenmarkt]]
[[en:Market trend]]
[[es:Tendencias de mercado]]
[[fi:Markkinatrendit]]
[[fr:Tendance (économie)]]
[[it:Mercato rialzista e mercato ribassista]]
[[ja:時流]]
[[nl:Trend (mode)]]
[[pl:Bessa]]
[[pt:Tendências de mercado]]
[[ru:Тренд]]
[[sv:Börsras]]
[[tr:Eğilim]]
[[zh:趨勢]]