As I write this it is almost 2:00 PM EST and the DOW is down nearly 300 points. It is very rare to see the DOW close down over 300 points so I'm not so sure that it will much further today. But it is clear that the bear market is continuing. The level to watch is 1370 on the S&P 500. It has acted as a floor for the markets for the past few weeks and once the S&P 500 closes below this level I expect to see the selling pick up. This could happen today or sometime next week.

It's easy to get caught up in these short-term fluctuations. Yesterday the market was up a lot and a lot of people got trapped into buying, thinking the worst was behind us.

That is what happens in bear markets and why now is the perfect time for me to post my last two videos in my bear market series. The first one deals with the psychology of bear markets and the second one talks about what you should do now to adjust to the reality of a bear market. These are really the most important videos in the series.

Bear Market Psychology - Separate Yourself from the Herd So You Don't Get Slaughtered

What To Do About the Bear Market

I'll be sending you an important announcement about the website next week.