A "bull market" refers to a period in financial markets where prices of securities, such as stocks, are rising or are expected to rise. This term is commonly used in the context of the stock market, but it can also apply to other markets like real estate or commodities. Bull markets are characterized by investor confidence, optimism, and strong economic indicators, leading to increased buying activity. Typically, a bull market is defined as a rise of 20% or more in stock prices from a recent low. These markets can last for months or even years, driven by factors such as low unemployment, rising corporate profits, and favorable government policies. Investors often seek to capitalize on these trends by buying stocks, anticipating further price increases.