Just now, the NASDAQ Composite Index emerged from the bear market! Only the S&P 500 index is left.

According to data from Dow Jones Market Data, the NASDAQ Composite Index rose slightly by 0.2% on Monday, closing at 12,256.91 points, up 20.01% from its closing low of 10,213.29 points on December 28.

The increase in the NASDAQ Composite Index on Monday is enough to meet the standard of a bear market exit commonly used by people.

But this may be temporary. For example, the NASDAQ Composite Index exited the bear market in August last year, but fell back into the bear market in October.

This phenomenon is not uncommon.

As shown in the table below, the average and median performance of the NASDAQ Composite Index after exiting the bear market, using data traceable back to 1974, is positive from one week to five years later, but there are also some exceptions:

According to the standard used by Dow Jones Market Data and many other market observers, an increase of 20% from the recent low point means the beginning of a bull market, while a decrease of 20% means the beginning of a bear market. This means that the market is always in a bull or bear market.

Some analysts believe that a new bull market will not begin until the previous high point is broken, while others use more complex standards.

Nevertheless, the just-ended bear market is still the longest bear market for the NASDAQ Composite Index since the 218-day bear market that ended in December 2008, lasting for 143 trading days.

Dow Jones Market Data shows that it took 89 trading days for the Dow to exit the bear market after hitting its low point, the longest bear market since the 126 trading days from July 1984 to January 1985.

The S&P 500 Index has yet to exit the bear market it entered last year. The Dow exited the bear market in November last year.