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Strategies & Market Trends : Rande Is . . . HOME
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To: velociraptor_ who wrote (44868)1/8/2001 10:01:11 AM
From: shadowman  Read Replies (1) of 57584
 
V,

The chart on the fed discount rate cuts from 1929 to 1931....the numbers on the right side of the chart..1000 up to 4000. The chart seems to indicate that the DOW declined from a high somewhere between 3500 and 4000 in 1929, to a low below 1000 in 1931.

Those numbers seem a bit odd to me. Anybody feel the same?

I'm not questioning the rate cut premise...just the DOW #'s.

Thanks
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