The S&P 500 posted no new 52-week highs and 131 new lows leading some to say the day ended in a record bull market. Since Wuhan closed, trade, travel, and local business have slowed pushing the market down brutally. Now the virus is deemed a pandemic. Lack of economic confidence worsened as Mr. Trump responds to COVID-19, stopping some travel from Europe. Bear markets can last days to decades.