Bear Markets: When Finance Turns Upside Down

How does a bear market in equities differ from a bull market? What lessons can be learned from events of the past quarter century in Japan? Have the norms of financial strategy changed?

This provocative book shows why the massive long-term capital market top spanning over fifteen years cannot be breached. Using his concept of the financial system limit, investment manager David Kauders explains how traditional economic cycles have been supplanted by a new economic cycle.