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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Chispas who wrote (92059)7/7/2002 8:20:12 AM
From: Chispas  Read Replies (2) of 99280
 
Just a short qoute from Steve Saville's "Update" today...

Excuse me George, but this one is "worth" stealing...

And, sharing with the thread...(Excuse me for stealing this,
Steve.)

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"Many of the traders and investors who were smart enough to make it through the crash of 1929 relatively unscathed were eventually wiped out during the devastating and relentless decline of 1931-1932. Looking back from the present it isn't hard to imagine that each 10% panic decline during 1931-1932 would have been greeted with calls of "this is the bottom!" and would have sucked-in more speculators eager to get on board for the next bull run. However, it was only after the 16th such decline that a sustainable bottom was reached."
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