So I know you guys have talked a lot about are we in a recession now and being in a bear market (equities declining 20%). When is a bear market by definition over? For instance if we just trade flat for the next year and then do enter a recession does this correction still count as part of that?
The short answer is, yes, if we don’t reach all-time highs and rollover again at some point in the coming months people will lump it all in as one bear market. Just look at all of the dead cat bounces during the 2000-2002 bear market.