Reality check: Rather than being a reason to dismiss a bear market, all this explains why financial crashes are always unexpected.

CNN: ?>?magazine

In history, such crashes have always produced economic traumas of some kind, generally a combination of banking collapses, corporate bankruptcies, accounting scandals and waning confidence among consumers and investors.

ECONOMIST: More a question of psychology than economics

It has always been prone to panics, crashes and bubbles (in Victorian times this newspaper was moaning about railway stocks, not house prices).

ECONOMIST: The world economy

The blue surf curls and crashes here as it always does.

NPR: San Francisco Bay Oil Spill Investigated