Michael Murray: Predictions of a bear market are increasing, and there are some ominous signs. It's vital to prepare for the turn

Since the market touched bottom in March 2009, there has been a tremendous bull run, with the British market up by over 90 per cent and the US market doubling. Not surprisingly, the advance of the Irish market has been less impressive, with many of the star performers, such as Greencore and DCC, delisting from the Iseq and going onto the British exchange – and the banks being decimated.

But the Iseq still ...