They view every possible portfolio as gaining too little in a bull market and losing too much in a bear. While there were serious selloffs in 2011, 2012 and 2015, none was a complete decline as seen in a real bear market. If this bear market does go south in a big way, the bandages used to fix prior market-making problems will likely fail. The bottom lineConditions seem right for this bear market to have a rise, although it will likely be a bull trap. If it does, that would put the bear market in a bottoming process, although time and depth would remain uncertain.

Source: Forbes November 03, 2018 13:00 UTC