We are in a correction, but are we in a bear market?

^GSPC
Praveen Chawla GuruFocus PremiumPlus Icon May 10, 2022

S&P 500 is down some 16.5% from its high. The threshold for an official bear market is 20% down (it's already blown past the correction threshold of 10%). Do you think it will hit - 20% this time?

https://www.gurufocus.com/idx/%5EGSPC

Praveen Chawla GuruFocus PremiumPlus Icon May 11, 2022

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I think it is difficult for the market to continue falling like this, it is already very sold, I am leaning towards some kind of relief rally and the definitive bottom probably in the last quarter of the year. When in addition the quasi-recessive environment should be more evident.

Praveen Chawla GuruFocus PremiumPlus Icon May 13, 2022

Looks like the relief rally is here today. Let us see how long it lasts. Looks like a bull trap.