Actually, the Great Bear Market of 1998 has barely begun. And going by the current state of economy, the worse is yet to come. Industry isn't going to recover quickly. Inflation could shoot up. The stockmarkets will stay bearish.
Protectionism is back.
And the global sanctions will hurt. The Paradox of Sentiment A trade policy hasn't been able to do it. A credit policy hasn't been able to do it. A nuclear test hasn't been able to do it. They are richer than marketers believed.