This is a special report written in October 2015 which describes the reasons why we are now in a shallow bear market. The not so unusual aspect of this bear market is that large caps are the last to get hit. The unusual is the ferocity that momentum traders on the short side of trades can beat up stock prices. It is not unusual that people can spread stories to hurt a share price a bit, however, between the internet being able to seed with "research" (legitimate or not) and baby boomers being very easy to emotionally shake into selling, we are seeing more extreme extremes. This is an important lesson to know going forward as it might not change and is applicable to the upside most likely as well. When large caps finally come down 20-30% in price, the bear market will suddenly be over. Do not expect a crisis, there is simply too much money in the world waiting to be invested. I don't believe the next financial crisis will occur until the 2020s and I stick by my thought that Japan is the most likely place it will start.