Were you ever fooled by laughter's lure
Only to find that they laughed in spite?
It has been said that by the end of bear markets, no one is left standing--not even the bears. One reason for this is the false promise of bear market rallies. The allure of higher prices gradually lures bears out of their caves as they perceive the worst is over.
Then the Next Time Down decapitates them.
Give this process enough time and it is easy to see why few make it to the other side in one piece.
position in SPX