Still more downside for stocks globally

"I'm afraid the bull market has ended. I'm constantly amused by people, who say you don't have a bear market until you're down 20 percent. By the time you are down 20 percent, you have to get up 35 percent to get even. So a 20 percent decline is extraordinary."

"I think we got another 5 to 10 percent that we can take global stocks down, maybe a little bit more. I think we are in a bear market. I think the wise thing for people to do is raise your cash, reduce your exposure, be less involved."


via fox business radio