IMHO the S&P 500 has at least another 15% or more to go down. Historically when bear markets take a while (it's been going down for over a year now) it's gone down 49% (the 2000-2002 bear market lasting 2.5 years) or 56% (the 2007-2009 bear market lasting 1.5 years).
Contrast that with the 2020 and 1987 quick bear markets in which the S&P 500 dropped "only" 30+% and did it in a few months.
7 posted on 03/09/2023 12:51:23 PM PST by Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)