Realistically speaking, this is just a start of a bear market. Here are some more charts to ponder.

S&P 500 Nears Bear Market

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Dow Nears Bear Market

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Nasdaq 100 Index in Bear Market

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Russell 2000 in Bear Market

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Apple Bear Market

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Crude Bear Market

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Nothing Magic

There is nothing magic about 20% declines. It's simply the most widely used definition of a bear market.

Bear markets seldom stop at 20% then magically reverse.

Expect worse, much worse.

Mike "Mish" Shedlock