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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mike M2 who wrote (161362)4/22/2002 11:36:36 AM
From: Bid Buster  Read Replies (2) of 436258
 
<<If I put 10,000 in the DJIA in 1929 by 1954 I still had $10,000 nominal dollars with deflated purchasing power. In 1966, if I put $10,000 in DJIA by 1982 I still had $10,000 with significantly with significantly less purchasing power..>>

While it is true if one bought the top in '26 they broke even in '54 not adjusted for inflation..but adjusted for inflation it wasn't until '66 they had a real inflation adjusted gain and if they didn't sell in '66 they sat on a loss till '82.
but thats all moot with the index shell game as so many companies just went away only to be replaced with the next perceived winner.. the truth is most never re-cooped their losses.
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