The market is bad, like the financial world's version of sexual frustration. Because the market is bad, people lose money and feel miserable. Because everyone is losing money, institutions and exchanges have to lay off staff. Because of cost-cutting, downstream media, bloggers, and influencers don’t get paid. Because there’s no money, everyone is trying to find ways to survive the winter. Disputes over opinions, industry scandals, peers blowing up—every abnormal behavior during a bear market can be explained by: the market is bad.