Are we in a bear market?


I still don’t understand how to tell between a market correction and a bear market but after reading of the massive sell-off on Thursday that seemed to me like people were taking profits.

This is the article I read:
https://www.cnbc.com/2022/05/04/stock-market-futures-open-to-close-news.html

However, I started reading this article:
https://www.marketwatch.com/story/based-on-19-bear-markets-in-the-last-140-years-heres-where-the-current-downturn-may-end-says-bank-of-america-11651847842?siteid=yhoof2

And it seems there are different opinions on whether we’re on a correction or bear market, and they give a brief history of how long bear markets last (is 289 days).Whether we’re on a bear market or not, there are still ways to make profitable trades.


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