“Investors should always regard the stock market as sailors regard the sea — a means to an end, usually benign, but potentially lethal.” The author of today’s article cites this quote in reminding that, while it may seem that we are in “a new era of endless investment prosperity” where there is little need to fear the bear, recessions are normal and are to be expected — and while bear markets can actually be a welcome development for younger investors, “older investors should take the prospect of a bear market seriously. Very seriously.” For his eight steps to prepare for the bear, CLICK HERE.