Why I think the DJI is in for a bearish year, but not a meltdown

Historically, the only real meltdowns of the market occurred in its early days (notably, October of 1987 was a very bad month, but I won't be focusing on the early days of the market because I don't think it's particularly applicable), and 2008, where the market shed about half its value in a few years. There was also a longer bearish period from 1999-2003. I don't believe we're about to see another crisis, because historically, there's only really been one (unless, again, if you count the early days), as well as the fact that the fundamentals of the market are strong.

One characteristic defining an incoming bearish market is a large gap between the indicated moving averages and current price, currently we're seeing that.

Overall, my thoughts are that we're going to see a bearish market for another year or so, but it will be navigable.

Let me know what you think,
-Kristian