via mishtalk:
Realistically speaking, this is just a start of a bear market. Here are some more charts to ponder.
S&P 500 Nears Bear Market
Dow Nears Bear Market
Nasdaq 100 Index in Bear Market
Apple Bear Market
Crude Bear Market
Nothing Magic
There is nothing magic about 20% declines. It’s simply the most widely used definition of a bear market.
Bear markets seldom stop at 20% then magically reverse.
Expect worse, much worse.
Mike “Mish” Shedlock
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