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What is a bear market?

Quick Answer

A bear market is a sustained decline of 20% or more from recent highs in a major market index. They last around 9–14 months on average and historically have always been followed by new highs.

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Warren Team
Updated March 18, 2026
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Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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