I have often written that both perma-bears and perma-bulls are attention-getters, not money-makers.
The perma-bear cult, of which I have often been accused of being a member, is an especially strange clique that often sees the clandestine plunge protection teams saving the U.S. stock market at critical points. They have never met a government statistic they like but instead see the U.S. government as "massaging" and revising employment, inflation and many other economic statistics in order to paint a positive picture. They express contempt for second derivative economic improvement and never or rarely ever see prosperity. They view seeds of recovery as Superman saw Kryptonite and extrapolate economic/stock market weakness to the extreme.
And they never ever or rarely make money.
Ironically, the perma-bear crowd is typically uninhabited by money managers.
Rather than managing money, the perma-bear crowd is typically inhabited by writers of market letters, investment strategists and economists turned strategists, all of whom have little or no skin in the game.
The perma-bear species is a fickle breed, woe betide a former perma-bear deemed less bearish!
In summary, perma-bears, similar to their first cousin perma-bulls, rarely make money
and, in the main, shouldn't be listened to most of the time as even when they call a downturn, they almost always overstay their positions.
And they may be harmful to your financial health.