Taking the U.S. stock market as an example, during extreme downturns (crashes), the best approach—besides assessing risk and considering contrarian buying after a major drop—is to do nothing at all.

Any contrarian buy should be with money you don’t need in the short term. If you’re out of funds, then it’s not your problem—just ignore it. Any other action, including selling everything, can easily lead to irrational decisions.

As for whether we’ve entered a bear market cycle, let’s analyze:

Are leading indicators signaling prolonged economic weakness?

Is market sentiment turning deeply pessimistic?

Are key indices breaking long-term support levels?

Since global markets often move in sync, a U.S. bear market could mean broader market weakness. Do you see signs of an extended downturn, or is this just another correction?

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Interesting analysis! It's crucial to stay calm and avoid rash decisions. Keeping emotions in check and focusing on long-term strategies can really pay off. Let's see how the global trends unfold.