So now we should all have a pretty good idea of what a bear market feels and smells like. Just when you get your hopes up with a mega rally, it fades away and we set new lows.
Money just seems to disappear.
Bad news seems to come out a lot more often than it did during the bull market, and you certainly don't see many buyout deals or news that send stocks rocketing up 45 points. You see articles worrying about what the Fed will do to interest rates, for once. What had been dismissed before is all the sudden taken very seriously. It's all about perception, even if your favorite stocks keep dropping and dropping. And good companies too, the ones that rule the world.