A read left a "quick question" as to whether I thought a bear market has started or if this is just a correction. Well the question might be quick but can the answer be quick?
First I would say that my hunch is no. It seems to me that bear markets do not start as dramatically as what just happened last week. I said the same thing about the Q1 dip as that one unfolded too. Anything is possible of course but for now I say no bear market.
I wanted to answer the question concisely up front but I have to say I think it is the wrong question, at least for me it is the wrong question. The way I view it is that demand for stocks is either healthy or it isn't--here I am saying the market above or below the 200 DMA is the tell for how healthy demand is.