This post was originally published on TKer.com.
It’s a bear market.
On Monday, the S&P 500 tumbled 3.9% to close at 3,749.63. That put the index down 21.8% from its January 3 all-time closing high of 4,796.56. This was the first time the S&P closed down by at least 20% from its high, confirming that we’ve been in an official bear market.
By the end of the week, the S&P had fallen to 3,674.84, down 23.4% from its high.
Historically, bear markets have come with more pain. According to Howard…
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