Are we currently in a bullish or bearish market situation right now?

I cannot answer this question, sorry.

but maybe the whole concept is theoretical. with a well diversified stock centered portfolio - at least over many decades in the past - it was po

ssible to successfully invest longterm with buy & hold strategy independent of any cycle, bear or bull. ​​​

Check this forbes article out. A good read. Overseas expert deem our current situation as a bearish situation while locally it would seem that everyone feel we are recovering though no one can truly tell if its bearish or bullish.