it definitely meets the definition of a bear market and a recession.
The question is whether the stock market will continue in a V recovery or go back down to test some prior low levels? I personally think we’ll see a 10-15% drop and it’s overdue, but this market keeps proving me wrong. Some of the big winners have sold off the past two days and some of the value stocks have played some catchup.
There’s a lot of companies whose earnings aren’t going to recover this year and likely will lag next year too. I’d avoid those and think any gain in them is likely temporary. The airlines and cruise lines are bleeding cash, as are many retailers and industrials. Tech spending seems to be holding in better but stock valuations are also much higher there.