Bear Market Reality: It's Here. Expect Much Worse
The Nasdaq officially went into bear market territory on Friday. Expect things to get much worse.
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
Russell 2000 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.
Just when everyone says bear it's a bull...