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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 335.840.0%Nov 12 4:00 PM EST
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To: MrGreenJeans who wrote (879)3/24/2001 2:10:18 PM
From: Ken Brown  Read Replies (1) of 10065
 
Remember we did not see a retest of the 1987 low.
That's a rather broad statement, and so difficult to counter. If you mean "1987" the year, that's probably true. If you mean "1987" the crash, that is not correct, at least not as viewed from the S&P 500.

Using closing prices, the S&P 500 closed 10/19/87 at 225 (rounding to the near $1). It then rallied 15% to close on the 21st at 258. It then fell 12% to close on the 26th at 228. It then rallied right back to 255 by Nov 2nd. It then began a slow slide back down, and made a new closing low of 224 on Dec 4.

Oh what fun days those were. :-)

Ken
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