Bear Market or Correction

If you read the commentaries and analysies, the consensus is that this is a bear market. The paid columnists are all in agreement that the economy is about to slow and that the market is going to continue to reflect this by heading south.

While I am not convinced, the fact is that market sentiment is powerfully negative. Given all the recent pain, I am more willing to cash out and wait on the sidelines rather than play the volatility.