bear market

A bull market is generally considered to be one that rises by at least 20%, while a bear market is one that declines by 20%.

It is twice the level reached in the late 1960s, before the long bear market, and about one-third higher than it was at the peak in 1929 — a moment that needs no introduction.

Meanwhile, Smith’s stock has entered a bear market after back-to-back losses to open conference play.

It’s helpful to note that bear markets, typically defined as a 20% pullback in a major stock benchmark, are inevitable, but they don’t tend to last long.

A decline of 20% from a peak is considered a "bear market" - a description of a market that appears to be more likely to go down than go up.