This downturn (as you call it) is a normal market correction and is probably very close (time and price) to being over.
The correction can be identified as either starting Jan./2018 or Sep./2018 depending on the degree.....but a correction none the less. Smart money is now buying as it always does at major bottoms.
Yes.....markets can make new arbitrary highs during the corrective process, i.e. Sep./2018.
It is generally noted that new bear markets are usually identified (by the media) when just about or already over....and this is why the public always sells at the lows and buys at the highs. They watch too much T.V.
Ask yourself this question: Would you let your local or national broadcaster manage your portfolio?
Most foreign markets are now completing their own corrections begun (in some cases) two years ago. Their corrections have been of a larger degree for the most part.
Agree. By the timr it becomes a concern it is about over.