Market cycle
Market cycle The period between the 2 latest highs or lows of the S&P 500, showing net performance of a fund through both an up and a down market. A market cycle is complete when the S&P is 15% below the highest point or 15% above the lowest point (ending a down market). The dates of the last market cycle are: 12/04/87 to 10/11/90 (low to low).
Source: http://www.saint-claire.org/resources/Dictionary-of-Financial-and-Business-Terms.pdf
Web site to visit: http://www.saint-claire.org and www.terra.com.br
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