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The Bear Came Out (...of the closet?)

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The bear came out of hibernation some time ago and we have all seen it sauntering about, creating volatility, and looking for its next meal. In the last week, the bear raged, bellowed, and mauled, creating a wake of destruction that has left most battered, beaten, and bruised. After a head count, Freddie and Fannie have been declared dead, the Lehman Brothers have been reported missing, and Merrill Lynch is currently being digested. The scene is grizzly and so is the bear. We have reviewed a history of bear markets affecting juniors -- this one ranks up with the worst of them.

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