He went on to say: "I am not turning bearish at all.

Similarly, bear markets generally come to an end when everyone has turned bearish.

Indeed, the man to whom some of the valley's top venture capitalists turn for advice on the public markets has turned deeply bearish.

"Once the market letter-writers begin to turn bearish, there is a slow progression," she said.

But there is one interesting group that has turned more bearish than at any time in years: corporate insiders.

"In the short run, the market behavior has turned psychologically so bearish that the oversold condition may continue."

But when the current bull market in stocks and bonds turns bearish, mutual funds might be more willing to sell.

Indeed, having risen so little, steel stocks will not have far to fall whenever the bull market turns bearish.

When they turn bearish, they recommend that investors return to the money market fund.

He turned bearish again early in 1937.