Bull market and bear market are terms used to describe the state of the capital market. When the market is growing and stock prices are on an upward trend, it is said to be a "bull market." At this time, investors feel good about the future of the market and expect prices to continue to rise and increase. However, if stock prices are on a downward trend and there is a recession in the economic situation, they use the term "bear market." Investors do not feel good about the market during this period and expect a bear market and a decline in prices.