Some Bad risk management

I heard this new mantra today, which shows the "Slide down the slope of hope".

The average Bear goes down 30%. So from here you don't have much downside.

See... You have, on average 10% downside. and maybe worse.....

But Like I've said, the first leg of it happens in the first 6-9 months, and the second part happens in months 9-24.