Article: Beware of bears.(books about the Bear Market)

Few people can spot when a bear market starts; fewer still when it finishes. As these books confirm, everyone knows when they are in one

A BROCHURE handed to hikers at America's wilder national parks advises: when you are approached by a bear, try to look big. Be forceful but not aggressive. Keep your pack on, wave your arms, talk loudly. Back away slowly, but DO NOT RUN. If a bear attacks you, assume the fetal position and protect your vital organs.

Substitute vital assets for vital organs and this is much the advice that stockbrokers routinely give their clients in a bear market. John Rothchild thinks they are wrong. What are sound tactics for coping ...

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