Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6893)	8/9/2001 5:02:36 PM
From: GraceZ	Read Replies (1) of 74559

Courtesy of our mirror-image anti-clockwise spin evil-twin thread I loved that article, it could have been written yesterday! The more things change the more they stay the same. Imagine if you read that and had decided at that exact moment to put everything you had into the market? There is certainly good reason for pessimism. The Dow Jones industrial average, battered by the protracted recession, a deepening erosion of corporate profits and anxieties that brokerage firms as well as banks are becoming increasingly vulnerable, slid 45 points in eight straight days through Thursday before regaining 11.13 points Friday to close at 788.05. The average is down almost 25 percent from its peak in April 1981 of 1,030. Broader measures of stock market performance, such as the Standard & Poor's 500, began declining even earlier - in November 1980. So far, the bear market has cost shareholders $450 billion in losses. Let me see 1982, DOW at 788.05.....closed today at 10,298....Oh but, of course, you'd still be miserable no matter what because a while back you had 12,000....dag

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