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THE TEN PHASES OF A BEAR MARKET


1. A huge buy the dip mentality sets in during the initial decline. Most party goers cannot fathom that party has ended.

2. Moderate concern sets in when buy the dip stops working.

3. Initial panic.

4. Numerous bottom calls are made, all wrong.

5. Search for the guilty.

6. Punishment of the innocent.
7. More panic.

8. Lawsuits fly.

9. Regulatory power is given to those most responsible for spiking the punch bowl.

10. Congress gets in the act and makes things worse

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