Subject: Re: Spy down another 4 percent,
re your "bear ... lot of time to get out ... 3 months after the top only -10%"?

With now -20% in the S&P after 1 month what´s your personal opinion in light of that:

I'm not Jim, but this has the earmarks of a correction and not the beginning of a bear market.

Corrections are typically a short sharp drop, bear markets begin by a rollover.

OTOH, the market has been overvalued for a long time.