Beginning of a New Bear Market

During the crash in October of 2008, The speaker from RBC Wealth Management believes a bottom in the markets may not be far off and suggests that investors should not be panicking.  He believes that this bear market move is not the beginning of a new bear market; rather, the continuation of one from 2000. 

Investors should remain defensive and only hold what they can sleep at night with.  He mentions some very rare occurances; dividend yields are higher than the 5 year treasury notes.  Sentiment readings are very oversold and at new oversold levels and blue chip dividend paying companies are getting very attractive.  He still believes that financial stocks are going to take a hit.