For those who were around during the bear market of 2001-2003, maybe you can answer this. This bear market we have seen waves of capitulation in one sector after another, where the stocks easily dump 10-20% day after day. In July it was RAS, CIT, RDN, WM, homebuilders, etc. Now, it the casinos, LEH, WB, and some stocks in commodity & oil sectors are starting .... WLT, CENX, UPL, etc. Does a bear market tend to work like this all the way down, or would it not be surprising to see a period where everything is just grinding downward, without all the chaos?