The market doesn't contain only AMRN - and we're absolutely in a bear stage right now, all major indexes are down YTD, mostly because of recent fears over inflation, yield curve inversion, tariffs, trade wars, and lower corp. profits/guidance. 2/3rds of what I have in my IRA is down YTD, and if it wasn't for AMRN it would be really, really ugly - no sector has escaped unharmed.