Russell Napier on Bulls, Bears, Bottoms, and the Market's False Dawn of 2002

Lee, Shelley A.
October 2007
Journal of Financial Planning;Oct2007, Vol. 20 Issue 10, p20
Academic Journal
An interview is presented with investment analyst Russell Napier, author of "Anatomy of a Bear: Lessons from Wall Street's Four Great Bottoms." He believes that distortions in efficient markets caused by human judgement make it important to study stock market history. He believes that U.S. securities prices are enmeshed in a bear market that could persist until the year 2014. He asserts that bear markets tend to unfold slowly over time, rather than terminate with a sudden, explosive fall in share prices.


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