Bear market rallies are vicious, as are topping rallies.
Early 2000 had a rally that somewhat outdid this one.
We all know what happened next.
Six years later we hit an all-time high?
We may have had a double-bottom around 12,800.
Of course, but then again, this ain’t a bear market. We’ve had a 10% correction, after which, the market was still up for the year. Neither case is a trademark of a bear market. Just like the “Recession” doomsday folks, saying something over and over doesn’t make it true.