Well, the SP500 officially entered bear market territory for the year today.

How important a development is this? Does this mean those waiting for a relief rally will be disappointed? Is a further plunge in the cards?

Not necessarily.

Financial advisor Lance Roberts lays out the probabilities and shares how his firm is trading the recent volatility.

He also reveals that he's concerned enough about the outlook for the housing market that he's putting his own home up for sale, and plans to rent for the next several years -- hopefully buying back in again at substantially lower home valuations. See the YouTube Video for the charts and graphics: https://youtu.be/N4h_DAujnaY