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NOTHING IS PERMANENT EXCEPT CHANGE

We are now in a bear market — here’s what that means

  • A “bear market” is when stocks see a 20 percent decline or more from a recent high — but they’re also marked by overall pessimism on Wall Street.
  • Since World War II, bear markets have lasted 13 months on average, and stock markets tend to lose 30.4 percent of their value.
  • During those conditions it usually takes stocks an average 22 months to recover, according to analysis from Goldman Sachs and CNBC.

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Mnuchin: Phone call on trade with China set for Thursday, ‘complicated issues’ remain

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