Simon Maierhofer, On Wednesday June 9, 2010, 12:45 pm EDT
Bear markets are smart. The job of the bear is to separate as many investors from as much of their money as possible. The bear knows this can't be accomplished if everyone knows he's around.
To get the job done, the bear 'kills with kindness.' To make a major decline seem more like a correction and buying opportunity, the bear generously provides rallies, mainly larger one-day gains. This keeps investors believing that the bear is not in control - which is what it wants.