bear market in which investors who sell are faced with substantial losses, while potential investors prefer to stay liquid; that is, to keep their money in cash or cash equivalents until market conditions improve. Bloomberg Financial Dictionary
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graveyard market UK US noun [C] STOCK MARKET
► a period during which prices in a financial market have been going down for a long time and there is very little trading activity. This is because shareholders do not want to lose money by selling their shares very cheaply, and investors do not want to buy new shares until the situation improves: »
The crash itself, though large in its own right, was nothing compared to the ensuing graveyard market and devastating depression.
Financial and business terms. 2012.