Since the secular bear market started in 2000, the markets could be flat or trending lower until 2020, which could be the worst bear market environment investors have ever seen since the last Great Depression. (worststockmarketcrashes.com)
This is especially true for convertible securities, but even vanilla debt securities can receive a credit rating upgrade that may drive capital gains while you wait out the bear market environment. (businessinsider.com)
For example, in the bear market environment of the early 1970s, countless people were apoplectic over an irrational fear that ITT (the International Telephone and Telegraph company), which had begun a program of taking over smaller companies, would take over the world. (socionomics.net)