Some investors are hopeful the 3,600 level on the S&P 500 marks a bottom for US stocks. The current bear market feels more painful than usual because of how broad it has been. From stocks to bonds, to real estate, to cryptocurrency it seems everything is down and there’s nowhere to hide. There are some better indicators for gauging when this bear market may end. The average bear market starts at -20%, but the average since 1928 is around -30%. There are also a wide range around that midpoint range that is around mid-point of mid-20%. US stocks, as measured by the SPDR, are down almost -23% year-to-year to year-year-to year. . . .
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