Are we in a bear market now, or is this just a healthy correction before resuming the bull run?

With recent market volatility, I'm trying to gauge sentiment here.

Do you think we're genuinely entering a bear market where stocks could drop another 10-20% from current levels? Or is this just a temporary pullback and we're close to finding the bottom before the bull market resumes?

What's your take and what are you seeing in your portfolios/sectors?