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A bull market is a rising market. In a bull market, investors are positive. The economy tends to be strong. Unemployment is low. The competition to acquire much-coveted shares becomes fierce, which drives the prices up even higher. Investors take risks because they feel good about their chances of making the big bucks.

Shares and Debentures are types modes of raising funds that differ in terms of risk, meaning, nature, liquidation and other important factors.