According to a forbes analysis, we are not entering a bear market.
Forbes:
My current analysis indicates that it is too early to conclude that we have entered a new bear market. The economy continues to look positive and there are signs that the consumer’s positive outlook will trigger good spending in the months ahead. By the end of the year we need to see better data on manufacturing which is needed to keep the economy in a positive trend.
The stock market will need at least 2-3 weeks of rallies and declines before it could bottom out.
