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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (52949)7/15/2001 4:27:19 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Bill; RE>> The historical precedent is the 1929 crash when it took over 20 (count them, 20)
years for people to get back to where they were in the markets at the peak!!! <<<

Bill the market , and those people in it at that time NEVER GOT BACK
The big lie on wall street is in the long term stocks always go up...they fail to
show those who went under , de listed , busted, and out of business
There was never a recovery from the 29 crash they just want people to think
there was, what looks like a recovery was a Re-Make of the Dow and other
major indexes, that's wall streets trick.

The new stuff that came in to replace the old..well 99% of the people who
had stocks in 29 didn't have any money to buy the new stuff..
They went broke and stayed broke.
For all practical purposes by 1950 the market was a NEW market not
a recovered one.
Even now while the S&P is down they have already replaced over 10% of
it in a year, look at how often they "change the index" the Dow the S&P
the NDX ..if we were to keep track of the companies that were in any of
them and then folded up for good they would not be able to say in
the long term "stocks always go up" and the indexes would look so
sick no one would invest in stocks.
Wall street want's people to think the 29 crash finally re-covered
well it didn't , 85% of the stocks just vanished,
& only a very few people had any money to buy
some of new issues as the indexes were re-made.
------------------------------------
Great companies, with good products
by the score just vanished..
Out of 350 Auto companies only 2 are still around
that half way resemble what they were..
And has GM ever trading at $350..again.
Jim

Jim
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