When the market for risk assets (stocks, corporate bonds, real estate and commodities) was falling in 2008 and early 2009, it felt as if the financial world and economy was going to end. Such notable companies and as Bear Sterns, Lehman Brothers, Countrywide Credit, etc. went under and investors were constantly asking what next. Banks would not lend to each other and there were even a few banks runs in California. Even blue-chip companies line GE could not get funding from banks to cover working capital requirement and fund their vendor finance operation. But trends do not last forever. Bull markets eventually erupt from bear market and bear markets follow bull markets. Looking at charts of past price action sometimes make people believe it is easy to make money in, but what often takes place in real-time is gut-wrenching.
