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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (6390)7/29/2001 10:51:53 AM
From: westpacific  Read Replies (3) of 74559
 
A few more tidbits of extreme interest: 1929 compared to now:

The current market downturn occurred more swiftly than the post-1929 slide - one year vs. three years. In reality the market has only fallen 29% from mid April highs to approximate a decline of the same magnitude as the DOW did 70 years ago.

However for the market to mark a decline equal to that of that drop of the Dow during depression years, it would have to fall 89% from its March 10th, 2000 high of 5028.62. That would imply a Nasdaq level of 555.62. From its mid April level of 1,909.57, the Nasdaq would have to fall another 71 percent.

So in other words, we have only been one year in the cycle, it took three in the depression. We are only down 29% compared to 89%. There is plenty of room for further disaster yet. Interesting how these facts never make it on CNBC.

All the Best,

West
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