According to analysts from COL financial, although the Philippine stock market has been in a downtrend lately, the market is still not entering the bear market.
What is a bear market?
A bear market is a condition in the stock market where stock prices are continuously going lower and there is a lot of pessimism in the market. The pessimism causes a lot of selling pressure thus the continued decline in prices.
In a bear market, there is still no good entry point since the market is still declining.
So for us investors, this is definitely good news, the Philippine stock market is not entering a bear market and is still just correcting. As the Truly Rich club would say, we are able to buy stocks at huge discounts these days!