Spencer Jakab at The Wall Street Journal makes the case that we could use a long bear market:
He explains:
The average time to reach the previous high when a bear market was accompanied by a recession was 81 months. It took just 21 without a recession. Over the past 16 years, downturns have lasted less than eight months before the old high was reached.
Hardly anyone younger than 40 now even had a 401(k) during the 2007-0…