A couple of weeks ago I posted that I felt we were now in a bear marketwith a high likelihood of a second recession. Obviously such an opinon can turn out to be incorrect, but the behavior of the market with the big moves on a daily basis -- along with some of the technical indicators I've mentioned before -- are consistent with a bear market.
Maybe it won't be, but for now it has all the markings of a bear. Times like these are what investing discipline is all about. Whatever your strategy, laying it out ahead of time when the market was less volatile is what should be stuck to now.
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