October 1, 2015 Dear Investor: Some call the recent market fall a correction, but the magnitude and duration of declines spell a global bear market. From their May peaks, the market declines to the lowest lows are as follows:   Dow Jones Industrials -14% S&P 500 -12% MSCI All World Index -15% Nikkei 225 -19% MSCI Europe -15% Shanghai Composite -43%   While the technical definition of a bear market is a 20% decline—and though...