$SPY I think some bears are still confused about the term recession. Bear market does not equal recession. A recession is 2 consecutive quarters of negative gdp growth. Stocks can go up eventhough we have 2 consecutive quarters of negative gdp growth. Stocks can go down during positive quarters of gdp growth. Not all recessions have to resemble the .com bubble and the great recession of 08.. stocks could go up during the next recession, no one knows. Stop trying to guess the future and just make some money.