A bull market tends to be associated with increasing investor confidence, motivating investors to buy in anticipation of future capital gains. A notable recent bull market was in the 1990s when the U.S. and many other global financial markets rose rapidly.
With me so far?
Okay, now this (Wall Street Journal):
The American financial system was shaken to its core on Sunday. Lehman Brothers Holedings Inc. filed for bankruptcy protection, and Merrill Lynch & Co. agreed to be sold to Bank of America Corp. The U.S. government, which bailed out Fannie Mae and Freddie Mac a week ago and orchestrated the sale of Bear Stearns Cos. to J.P. Morgan Chase & Co. in March, played much tougher with Lehman.
THIS, my friends, is how Legends begin! Today, there is this story:
Police say a young bull made a dash for freedom through the streets of Queens on Wednesday night but suddenly died before he could be taken to an animal sanctuary. Police cars tried to steer the bull off the crowded roadways but the several-hundred-pound animal hit and damaged a squad car. An NYPD officer with urban cowboy skills lassoed the bull and it was tranquilized. New York Center for Animal Care and Control spokesman Richard Gentles says the bull died less than an hour after it was brought in. He says veterinarians found no signs of what had caused the bull's death.
This week - while all the financial movers and shakers and players and magicians began to wish they'd decided to farm or serve fries for a living, a bull - no one knows where the bull came from -, was running amok in the streets of New York - and then was chased - and then tranquilized, and then died.
Whoah, man ... mythic...!