The three phases of a bear market

Many people think stock markets may have hit a bottom. That's unlikely. There are three distinct phases in a bear market - and we're still only at phase two.

Analyzing downward bear down trend
(Image credit: Calvin Chan Wai Meng)

It is now an accepted fact that we are in a primary bear market of historic proportions; however, there is a strong consensus that although the economic outlook remains appalling, that this bear market may have bottomed out. We would regard that as a possibility but we think it's wholly unlikely. To elucidate, below is an apt definition of a primary bear market written by Victor Sperandeo in his book

. He said, about primary bear markets:

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