How Much Further Do You Think the Market Has to Fall?

Bear markets, defined as 19 %, are worse with recession or without recession in some reasonably similar period of time. The bearmarkets with recessions have been, on average, a decline of about 34%. That's not a huge difference and the bigger difference is duration. So at this stage, i think it's probably more about how much longer this goes on than how much deeper it goes. I don't think that this at all resembles two thousand and seven. What i do worry about is hidden leverage out there in the system,. Some of which gets discussed more recently with the crypto enclosion. Is there hidden leverage there that we have yet to see some of the whales come to