The argument can be made that we experienced a stealth bear market in stocks from Mid 2015 into the early 2016 and other parts of this rotating bear market did not end until the Central Banks reversed course on their dire experiment with Negative interest rates in Japan, the Eurozone, Sweden, the Netherlands and
the USA, which only save negative interest rates in places such as New York Trust Bank demanding payments for institutional accounts that wanted to deposit more than $50 Million in accounts with them.

the US did experience multiple rounds of Quantitative Easing and Fed Balance sheet expansion and the Fed Funds rate and 3 month Libor hovered near zero for years after the Great Financial Crisis of 2008-2009.

The stealth bear market saw many stocks go down a much larger percentage and the RUT fell from 1296 on 06/23/2015 all the way down to 943.10 on 02/11/2016.


The NYSE fell from 11,254.87 on 05/21/2015 all the way to 8937.99 on 01/20/2016... many "nifty 50" stocks of the early teens of the 21st century experienced a much more severe mark down in price in this rotating 2 year bear market, obviously the energy sector stocks were decimated with huge percentage declines and a number of bankruptcies.