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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8591)9/21/2001 5:09:52 PM
From: James F. Hopkins  Read Replies (2) of 19219
 
Ya and them who didn't take taht 1929 warning serious lost another 80% by July of
1932..taht was a melt down, 87 was nothing.
1929 never recovered...87 did.

Also the Dow index was rebuilt in such a way after 29
that it does not show the real carnage ..

And by 1935 it was not even close to the same index
so looking at it you don't really get apples to apples
over any long stretch of time, check out all
the changes in it just since 87.

The carnage was not just to the markets
I'm 64 and can just remember my Parents
and Grand Parents stories.
For the most part the history writers
and news media did it's best to sanitize
and omit the very worst of the carnage.

By 1932 when it did bottom
there was so many people living
on the street NY city sent trucks out
every morning to pick up the dead bodies.

No body mourned the dead the ones who would
have were to destitute to morn for the dead.
Many people who tried to help the destitute
were labled communisits with out any real
regard to if they were or not.

WW I vets who went to Washington asking
for the bonus the Government had never paid them
set up a tent city. They were cut down by our
own machine guns and the tent city torched.

Gansters soon became the heros of the poor.
Jim
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