THE FTSE 100 responded positively yesterday to the news that the Conservative Party leadership contest had been shortened from nine weeks to about nine working days, with the lift taking the market into bull market territory.
But what is a bull market - and are we really in one?
The term is used as a label for when the FTSE 100 has risen 20% in value over a given period of time. The negative version - of a 20% or greater fall - is described as a bear market.
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