is like getting thrown into the deep end of a pool and having to swim...a BEAR market is like getting thrown off a cliff and trying to fly. Investors in the high fliers, especially those on margin are going to realize very soon that not only can stocks get overvalued by a lot and stay there for long periods..they can also go deeply undervalued and stay there a long time. When people decide they want out the mechanism to sell is easy..a couple clicks or a quick call to an 800 number and you can request hundreds of thousands of dollars in stock be sold NOW. Think how easy it is to sell stock. Lots of investors are do-it-your- selfers that won't have brokers trying to calm them down when the panic button hits. It's tough to get out when there is only one door and there's a long line ahead of you. I'm building lots of cash to buy S&P and NAZ but at much lower levels.