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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (56862)8/17/1999 8:16:00 PM
From: Thomas M.  Read Replies (2) of 86076
 
You want a fairy tale? Here goes:

The two big crashes of this century, 1929 and 1987, both happened 55 calendar days after the peak in prices was recorded. The S&P 500 and the Dow saw their highs this year on July 19. Counting 55 days forward brings us to September 9, 1999, or 9/9/99. That's remarkable, because 9/9/99 is a very big Y2K date (9999 being some sort of default code in COBOL, or whatnot).

Tom
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