Many people say we are long due for another bear attack.  These posts (Part 1 and 2) are in memory of the bears that I have encountered in the past.

1. 1997 - Asian Financial Crisis

First bear that I encountered and directly affected me.  This was the "robbery bear".  The CLOB shares saga was one of the events in the AFC.  I lost my humble savings in this "club" (CLOB).  One of my colleagues had half a million frozen in the "club". Market/Economy: Market was bad, economy was bad.  Many companies had retrenchment exercises and many people were affected.  The large exercises of the MNCs were widely reported in the news, but many others small scales events were just not news worthy.  The lucky employed had pay cuts and pay increment frozen. Lesson learnt: One new term I ......