while each bear market is unique, they probably share some common characteristics. here i am trying to match the current bear to that of 2000-02. 2000-02 bear slide was punctuated by 4 local bottoms that lead to +22-26% bear rallies and the final bottom in 2003 (the early bull bottom). taking 2000-02 bear as a ruler where are we in the bear cycle? judging by time we are somewhere between early and middle bear. but judging by % drop from the top were are around late bear (46% drop now versus 50% drop in 2000-02). so, where are we?