Bear Market is a term that sends fear into Wall Street and investors. What does it mean? And when do we enter a Bear Market?
Corrections & Clarifications: An earlier version of this story gave an incorrect name for Jeff Soltow’s wealth management firm.
The attack on your stock holdings came quickly this time, but it’s never too late to dust off your bear market survival kit. Surviving a steep stock market slide is often more about riding out the storm than running away from trouble.
By bear market standards, the recent sell-off was super-fast. It took 16 days for the Standard & Poor’s 500 stock index to fall 20%, the quickest transition from bull to bear ever. But the size of the drop, at least so far, has been below average. At the bear market low on March 23, the broad market gauge was down about 34%, shy of the 40% dip suffered in bears since 1929, according to S&P Dow Jones Indices.
Still, this bear market, like all the prior ones, has…