"Not only does the price action this year suggest we are in the midst of a bear market--more than 40 percent of the stocks in the S&P 500 are down at least 20 percent--but it also trades like a bear market."
https://www.zerohedge.com/news/2018-11-19/morgan-stanley-calls-it-we-are-bear-market
https://www.zerohedge.com/news/2018-11-19/morgan-stanley-calls-it-we-are-bear-market
