As a Bear, there are periods when the stock market is particularly satisfying, and the economic and earnings numbers released each morning cause a contented growl. This is one such period. However, even within this enjoyable landscape there are certain sectors which are particularly Bearishly attractive — they form, if you will, Bear Food.

As a Bear, one has had few good belly-laughs in the last ten years. But we Bears were rolling in the aisles watching market action after the Fed interest rate cut on Wednesday, with the Nasdaq rising 14 percent in one day and then giving most of it back to end down on the week. […]

As my fellow business writer Ian Campbell and I have suggested repeatedly over the last few months, recession is now well on the way — the National Association of Purchasing Management survey today only confirms this.