Replies to post #18468 on Bank of America Corp (BAC)

[JJ8]

As far as the larger market, no, we are not in a bear market.

The widely used definition for a bear market is at least a 20% decline from the preceding top in the Dow Industrial Companies/stocks or the S&P 500 or Nasdaq Indexes... depending on which one or combination is used.

Using the DJI for instance, the preceding top was 18,312.39 on May 19, 2015. Yesterday DJI closed at 16,990.69 The decline so far has been about 7.2% in this index.

Fyi, even a decline of 19.9% is still considered to be a 'correction' in the market... by definition. To qualify for a bear market, it must meet 20% or higher decline.

We haven't had a 20% decline since March 2009