In order to have a bear market, unemployment claims must be rising and delinquencies. Both are still falling…UC quarterly below…
The last bear market began beginning Q2 2007:
The Fed lowered rates for the first time on Aug 1 2007 or 4 months after.
The MOST DEFINITE SIGN of a bear market is when the Fed lowers rates for the first time. Usually the market falls just before and after this event.

