The Bull-to-Bear Market Transition

The intuition behind the transition and to see it.

The transition from bull market to bear market can be imagined as the battle between the physical bulls and bears over a territory of precious gems. And usually, I would imagine that the fight happens at the peak of a mountain for a bull-to-bear transition.

What this means is that the transition takes a while as the battle is fought at the peak. When the bears started taking over, it won’t be so clear, but it also means that the bear market starts before the bull market ends. This is commonly…