The most important four words of investment guidance I can provide are the same ones I have been providing: It’s a bear market. The trend has been and is down. There may be bargains cropping up for those like Buffett who know values and are willing patiently to wait for the eventual recovery. Yet the trend is down and bargains can become even greater bargains. The bear market is like Space Mountain. Space Mountain has a ride up — and then down. It takes only a few minutes. Space Mountain is an experience which, when you are halfway down, you … Continue reading Space Mountain: Why is the bear market continuing?