I wish I could hook up a lie detector to the markets. Bear markets are deceitful periods for investors which is one reason why they tend to be so damaging to most portfolios. In fact, many bear markets in stocks are not that bad if one looks at the broad market averages over time. Unfortunately, investors find they actually do worse than the averages by falling victim to the lies and deception that prevail. For your humor on this Monday in which the Dow is closing down another 200 points, I offer you this graphic of your emotions during any bull and bear market cycles. Please take a moment to review the Chart of the week as the remainder of this update makes reference to it.
