This epic crash has hurt us all – and it’ll take a long time to forget it

The bear market has formally ended, says Matthew Lynn. But the investors' negative mindset will stick with us for a lot longer.

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If you've had a soaking, it'll be a while before you trust the forecasters again

It was a heck of a long wait, but this week it finally came to an end. Helped along by the latest temporary fix to the Greek crisis, the FTSE 100 crawled its way past the 6,930 it closed at on 31 December 1999, its all-time closing high. Break open the champagne and unfurl the banners. The 15-year bear market is finally over.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.