Bear market question for the experienced

What's happening right now is unprecedented in my lifetime (born Nov 1941). This recession will not be over in two years. Real estate hasn't bottomed yet, and unemployment is still climbing. In other words we are still on the down slope. I have a feeling that the financial landscape is going to look very different by the time we start the climb on the other side of the valley. But one thing we can always depend on: human nature is not going to change.
 
Quote from wjk:

For those of you who were trading 87, early 90's, and post 9/11:

I began my trading career at the start of the latest bull run. I was prepared to go into long term shorting when the markets were still in rally mode...because of the sub prime issue looming.

Went well until the first short blowout by Uncle Ben's 1rst emergency rate cut. Kind of fucked up my strategy, as I got hurt by that (pretty bad). My results since have been a mix of long and short gains and losses.

My question is:

Was there this much government intervention in previous bears?

I always thought that the best medicine was to let the system clean itself out through natural corrections...in the market...and in the economy. This is my first bear. I gambled on a rate cut the other day because that has been this guy's MO, and needless to say, paid for that gamble. I guess the government must be factored into strategies, but when I do, it feels a lot like gambling. Moving into the e mini's when things calm, as I'm really getting tired of stock vulnerabilities.
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The FED is not responsible for your losses. You are.
 
Quote from sevensa:

The FED is not responsible for your losses. You are.
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And I accept that responsibility, just like I accept the responsibility
for all 7 of my stops getting hit today, 1 hour before the big rally. Had I stayed in 1 hour longer, I would have caught the latest government manipulation. I'm out of the game till they are done "tinkering". I'm done with stocks. No more analysts, earnings, short upticks, PDT rules, and so on. Not a good day.
 
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