GM

GM

In previous market cycles, at the end of a bear market path from a historical high, there has always been a sharp drop to a market bottom. The current cycle has yet to see such a drop on this scale, unless we consider the drop to 60,000 to be equivalent to this drop and 60,000 to be the market bottom. But the point is that the balance still weighs more heavily in favor of the theory that 60,000 is probably not the market bottom.