Don’t Get Your Hopes Up. Stocks Are Still in a Bear Market.

Hope springs eternal, even during a bear market. Just don’t make the mistake of getting your hopes up too much.

Yes, it’s hard to describe another week of losses as hopeful. The Dow Jones Industrial Average dipped 0.2%, the S&P 500 fell 0.9%, and the Nasdaq Composite dropped 1.6%. The market, however, exhibited more resilience than might have been expected. After closing near its lows on Monday and Tuesday, the S&P turned large losses into small ones on Wednesday and Thursday, before closing up 1.9% on Friday.

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