Earlier this week we explored bear market rallies in a post titled The Emotional Toll Of Bear Market Rallies and given market action during the last two days, it feels like the bear market rally we were experiencing since late May appears to have come to an end. It is hard to see an end to this challenging environment when fundamental conditions like inflation, high energy prices and supply chain issues have not been addressed. Experienced investors who have seen multiple market cycles like Stanley Drunkenmiller and Jamie Dimon think there is more pain ahead. There are some spots of optimism including commodities and the strategy of merger arbitrage, while impacted, has held up better than the overall market. This seemed like an appropriate time to discuss behavioral errors that we tend to make as investors and I have included a Twitter thread related to it below.