Since
Sept. 18, the stock market has fallen more than 6 percent. An abrupt
decline last week — after five years of gains — prompted fears that the
market may have reached a major turning point.
Has
a bear market begun? It’s a great question. The problem is that
short-term market movements are extremely hard to forecast. But we live
in the present and must try to understand what’s driving markets now,
even if it’s much easier to predict their behavior over the long run.
