its now confirmed. the bull has been slaughtered the bear is having a ball. how do we tame this bear?

YEP!the foreigners opted for an early pullout, and are not comming back till 2013. The next bull will ocurre around 2014 to 2015.
In the meanwhile, I will start buying stocks @ 20K per month from early next year. Centum, safaricom, scan group, coop bank, or bbk ate on my radar

I still would not call this a bear, there are no fundamentals supporting a bear market at this time. What we're experiencing are jitters caused by our peculiar politics. This is worse than a bear because it's very unpredictable.

Do you know something we don't? Should we send Waki, Ocampo, Scotland Yard and FBI your way?

I agree with you to some extent. A proper bear market requires a confluence of events that are not all present (as yet) in our market. While I admit some of the conditions have indeed been met, the economy itself seems to be fairly resilient e.g. I saw a report to in today's paper talking about the improvement of credit quality in Jan & Feb 2011 relative to Dec 2010.

Whereas the NSE will continue to be volatile, I just can't see it going one way i.e. downhill all the way to the election. Even if the trend overall may be downwards, there will still be those spikes when one can make money and I for one will be there to try and take advantage.