After trading for 22 years (buy side & sell side institutionally), here are my thoughts about the current market. With social media being full of 'experts' who've never traded a bear market, I'd like to share a few decades worth of experience in this thread

1/ Last week $SPY rallied about 6%. Many social media 'experts' were calling for an end to the bear market (not us, we called it a 'short covering rally')

With that being said, remember this fact below about bear markets...

2/ 90% of traders MISS THE BOTTOM in a bear market. If the majority are calling it a bottom, you can be confident its likely NOT THE BOTTOM

3/ If you've only been trading since 2010, u don't know what the 'F' you're talking about RE: bear markets. You've had one, and it was a fly-by (5 weeks). GFC/2001 = ~2yrs bear markets

If you're from this generation, ur learning how to trade a bear market for the 1st time

4/ Also, if you've been trading since 10', you had one of the best decades in history w/some of the lowest volatility of any decade.

If u have been pandering the "buy the dip" theme last 2 years, you're likely from this generation.