Contents
1 Introduction 1
Part I THE BEAR BACKGROUND 7
2 Overview 9
3 History of Bear Markets 17
Part II ECONOMIC SETTING FOR BEAR MARKETS 29
4 Guideposts for Bear Markets 31
5 Globalization, Terrorism, and Foreign Investment 39
Part III STRUCTURE OF BEAR MARKETS 43
6 Secondary Reactions 45
7 Bear Market Legs 52
Part IV TOOLS FOR MEASURING BEAR MARKETS 57
8 Tools to Help You Recognize and Survive a Bear Market 59
9 Tools that ‘‘Change Shape’’ in Bear Markets 74
10 Cycles Study: A Useful Market Tool? 78
11 Chart Reading and Interpretation 83
Part V MONEY-MAKING TACTICS 89
12 Preservation of Capital during a Bear Market 91
13 Short Selling 101 98
14 Strategies for Making Money Even If You Guess Wrong 108
15 Rules for Being a Flexible Investor 115
16 Defensive Investments that Allow You to Sleep Nights 119
Part VI THE EMOTIONAL ASPECT 127
17 Human Psychology in the Marketplace 129
18 Contrary Opinion 137
Part VII PREDICTIONS AND CONCLUSIONS 143
19 The Past is Prologue 145
20 Epilogue 155
Glossary of Terms and Tactics for Market Mastery 159
Resources/Recommended books, newsletters, data suppliers, 168
chart services
Index 175