Yes, Bear Markets Are Scary, But…

7 Simple Tips for Surviving and Thriving Through Every Bear Market

‘Dos’ and ‘don’t dos’ from a financial pro.

Opher Ganel
Making of a Millionaire
5 min readJul 4, 2022

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Close up of grizzly bear looking out of the photo.
Photo by Vincent M.A. Janssen from Pexels: https://www.pexels.com/photo/close-up-photo-of-grizzly-bear-3048722/

If you’re invested in the market, I feel your pain.

Truly.

My own investments are down too.

As of this writing, the S&P 500 is still (barely) in bear-market territory, 20.3 percent off its Jan 3, 2022 peak. The NASDAQ is firmly in the grip of the bear, at 31 percent off its Nov 19, 2021 peak.

Since the overall market cap of the S&P 500 is about double that of the NASDAQ, we can say the market is about 24 percent off.

With Atlanta Fed estimates that the US economy contracted in the second quarter, we’re more than likely in a recession. Official confirmation may take months, but it seems unlikely to change things.

And as I wrote before, bear markets tend to be over 5 percent deeper and last twice as long when the economy enters a recession at the same time relative to when it keeps going strong.

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Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.