Wikinvest Wire  Wednesday, January 02, 2013  Genetic
Disposition?  Barry Ritholtz reposted a writeup from Cassandra
Does Tokyo about the extent to which some people might have a
"doomsday gene" for gravitating to the world as we know it is
over case to the point of harming their portfolios.  I am not
familiar enough with this blogger to know how much if any of the
post was tongue in cheek but the psychology is always
interesting to ponder. Many would say that the bear case is
always more compelling (I have said that before and believe it
is true) but of course more often than not the bear case has not
won out.  The stock market has an up year 72% of the time (this
was an accurate stat a few years ago so if it is different now
it is only slightly so) so by definition the bear case is wrong
most of the time. Of course behaviorally bear markets feel much
worse than the benefit we get from bull markets. I think it was
Hussman who observed that the average bull market lasts three or
four years and goes up an avera