So could we be in a bear market rather than in a market about to crash? “The market has entered bear territory today as it has now fallen 20% from the high,” is not correct. A bear market is when the trend of the market is down. Saying the market has fallen 20% and is now a bear market is like issuing a storm warning after a town has been hit by a tornado. With that in mind I can say, we are in bear market territory now and it hasn’t fallen 20% but it likely will.

Source: Forbes April 27, 2018 15:56 UTC