New bear market, or just a correction?

LINK ARTICLE

It's been a tough couple of weeks for stocks. From its April high, the S&P 500 lost more than 13.4% as it dropped into Friday's low. The index also sliced through its 200-day moving average -- which is seen as the demarcation line between bull and bear markets.
...

Remember that the 2003 to 2007 bull market featured multiple excursions below the 200-day moving average for the S&P 500 -- and each was a buying opportunity. Given the evidence, I think the same playbook applies. This is a bull market. And dips are supposed to be bought.