Bull markets climb up a wall of worry, Bear markets slide down a slope of hope !
The slope of hope has so much more room to go !! We will go down for another few years (2 to 3 years ?) hoping that the market will turn back .. but it won't. Every time we will approach the red line we will hope that the worst is behind us .. and every time we will fall back down until we reach the lower $50 level at least !