It’s been derided as a house of cards, a gift to the one-percent, an experiment in monetary policy taken way too far.
Now a bull market that for 10 years has confounded and chastened its detractors — by outlasting all its predecessors — is staggering up to death’s door. And haters and admirers alike are turning out to pronounce last rites.
The fall has been swift, a spasm of nearly uninterrupted selling that dragged the S&P 500 down 19.8 percent in the space of three months.
The Dow Jones Industrial Average has plunged 5,036 points since its record, poised for its worst December since 1931.
For the men and women who sold stocks and…