The second Bear phase is marked by a sudden mood change, from optimism and hope to shock and fear.

熊市的第二个阶段以市场情绪的突然变化为标志，市场从乐观和憧憬，转而震惊和恐惧。

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The faltering performance of stockmarkets added weight to the idea that they are stuck in a long-term bear phase, akin to that seen in 1929-49 or in 1965-82.

股票市场的不佳表现更强化了一种观点，即市场将陷于长期的熊市中，如同我们在1929年至1949年或1965年至1982年之间所见到的情况一样。

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Unconsciously, music has accompanied me through life is the most magnificent and the first 15 years, in the coming days, I fell in love with each other and it will never bear phase.

不知不觉中，音乐已伴我走过人生最初而且是最瑰丽的15年，在今后的日子里，我与它仍会彼此相恋，永不相负。

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For example, will the mutual-fund industry prove as lucrative if the stockmarket enters a bear phase?

ECONOMIST: The bigger they are

Studying the recovery phase of the last seven major bear markets (those down 45% or more, peak to trough), the average gain in year three was 3%.

FORBES: Is The Bull Market Over?

Again, bear in mind that frankly he or she will be more valuable than you at this phase.

FORBES: How Do I Find Good Technical Co-Founders?