I got this list from Barry Ritholtz’s most excellent blog (http://bigpicture.typepad.com) . br /br /The news is certainly as grim as ever: blockquote pspan style=”color: rgb(0, 0, 0);”a href=”http://www.nytimes.com/2008/10/23/business/23wachovia.html”Wachovia writes down $23.9. billion/abr /a href=”http://online.wsj.com/article/SB122467251668258067.html”Grim Earnings Weigh on Stocks/abr /a href=”http://norris.blogs.nytimes.com/2008/10/20/first-birthday-for-the-recession/#more-650″First Birthday for the Recession?/abr /a href=”http://dealbook.blogs.nytimes.com/2008/10/22/kerkorians-ford-exit-sparks-fear-of-failures-at-big-three/”Kerkorian’s Ford Exit Sparks Fear of Failures at Big Three/abr /a href=”http://online.wsj.com/article/SB122462963345656289.html”California Home Sales Revive With Intense Pain/a br /a href=”http://www.bloomberg.com/apps/news?pid=20601087amp;sid=a5x0jMKZf4ycamp;”CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic/a/spanbr /a href=”http://business.timesonline.co.uk/tol/business/economics/article4988078.ece”Mervyn King warns of Britain’s ‘long march’ out of recession/a /p /blockquoteWhat strikes me is that bear markets end when the news is seemingly at its worst because the market is a forward looking beast. It went down precisely because all of this news was coming.br /br /No, it did not predict any individual bit of news but it knows when things look bad. Our job as market analysts is to read those signs of “bad” and get on the right side of the market. I don’t know how long or how far. All I know is “be bearish” or “be bullish” or “be a spectator.”