This Bear Market Risk Indicator Suggests We Head a Lot Lower
Though you probably don't need the reminder, it's been an abysmal year for professional and everyday investors alike. Since hitting their respective all-time highs between mid-November and the first week of January, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) have plunged by as much as 22%, 26%, and 34%, through Oct. 10, 2022, and are firmly in the grips of a bear market.
Regardless of whether you're a tenured or new investor, bear markets can be scary. The velocity and unpredictability of moves lower are enough to make investors question their willingness to stick around. Of course, history also shows that buying during these bear market dips is the smartest thing patient investors can do.
The thing is, the stock market might not be anywhere near a bottom.
Source Fool.com
