中文：

熊市是指股票、证券等市场行情普遍下跌，市场气氛低迷的局面。在这种市场中，投资者往往面临亏损和难以盈利的局面，因此市场也被称为“熊市”。

熊市的产生往往是由于宏观经济环境不利、政策影响、公司业绩不佳等多种因素的综合作用。在这种情况下，市场上的投资者往往会失去信心，导致市场出现下跌趋势。这种趋势通常会持续较长时间，给投资者带来巨大的压力和损失。

在熊市中，投资者需要保持冷静，不要盲目跟风或盲目抛售股票。同时，投资者还需要加强对市场的研究和分析，了解市场走势和投资风险，以做出正确的投资决策。

英文：

A bear market refers to a market situation where the stock or securities market experiences widespread falls in prices, resulting in a generally low market sentiment. In such a market, investors often face situations where they suffer losses and struggle to make profits, so the market is also referred to as a "bear market".

The emergence of a bear market is often the result of multiple factors such as unfavorable macroeconomic conditions, policy effects, and poor company performance. In such situations, investors in the market often lose confidence, leading to a downward trend in the market. This trend usually persists for a long time, bringing huge pressure and losses to investors.

In a bear market, investors need to remain calm and not blindly follow the trend or blindly sell off stocks. At the same time, investors also need to strengthen their research and analysis of the market, understand market trends and investment risks, in order to make informed investment decisions.