It's a 'bull market' for stocks. Here's what that means.

You may have heard that the S&P 500, the true benchmark for U.S. stocks, entered a bull market last week. Here’s what that means.

Bulls and bears aren’t just for stocks. Virtually all other financial markets, including bonds and commodities, are referred to as being in either a bull or a bear market. Ask the lexicographers at Merriam-Webster, however, and they will tell you it was the bear that arrived first, making its appearance in terminology around the time of the South Sea Bubble in the 18th century.

What causes bull and bear markets? Bull markets, unsurprisingly, are typically associated with periods of economic expansion and growing corporate profits. Bear markets are associated with the opposite.

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