Chart via WSJ
I have no idea where idea that “20%” somehow defines a bear market, or where it came from.
In my mind, I prefer to think of this in the context of trends. Is any market moving from lower left to upper right of the chart? That is a bull market. If the move is from upper left to lower right, its a bear market. Anything in between is a trading range.
Hence, from the recent highs back in April to today, the overall trend has been down.
Following Fridays 90/90 day, we should expect a rally to last 4-7 days, before resuming the prior trend (lower).
If we could see a 5-7% move higher, I would be looking to further lighten up my 50% exposure to equities.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.