(Bloomberg) -- Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted -- especially with hawkish central bankers rattling recession-obsessed markets like this.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapEverything-Selloff on Wall Street Deepens on 98% Recession OddsUK Market Selloff Slams Gilts, Pound, Pi
If you are coming into the market now and building a retirement portfolio, the state of the market and the economy might feel a bit daunting. The bear market has been harsh, and with the expectation of a continuing economic slowdown, or recession, on the horizon, the outlook may not improve any time soon. The market has gone through multiple bear markets, and they have typically been followed by longer, more robust bull markets.
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