We are in a bear market. The Dow Jones has lost 23% since November 19, 2021, the S&P 500 is down 16% since January and the Nasdaq off 27% since November. Inflation is at 6.7% – the highest level in 30 years while wages have remained stagnant. Companies are reporting declining profits due to inflation and slowing consumer demand. Consumers are spending more for basic living expenses (food and gas) and less on discretionary items (televisions, cars etc.). And…