As we pointed out last week, the S&P 500 has not joined most of the rest of the world in bear market territory - it's off 16 percent from its April peak, while a bear technically requires a 20 percent drop. Yesterday's New York Times pointed out just how precarious the current position is, since four of the S&P's ten sectors have already slid below that 20 percent mark.
The four sectors that are already in bear territory:
* Financials
* Industrials
* Technology
* Telecom Services
That leaves six stronger sectors: Consumer discretionary, consumer staples, energy, health care, materials and utilities.
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