The exceptional volatility of the markets foretells the hair-raising financial instability that most analysts see as a continuing trend. On October 28 1997, the Dow dropped 500 points. Investors the world over received a startling reminder that "what goes up, must come down". It was a profoundly unsettling experience for those who had never known the experience of a bear market. This work reveals how to face a fully-fledged bear market. The author shows how to prepare psychologically and tactically for the looming debacle, and to protect assets and minimize losses during a bear market. The result is a chronicle that fills the "bearish information gap". The paperback edition includes a prescriptive chapter consisting of fifteen tips about what to do and what not to do in a bear market.