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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Maloney who wrote (344186)9/23/2007 9:49:39 PM
From: S. maltophilia  Read Replies (2) of 436258
 
1929: Market goes up a bunch, and then corrects violently.
1930: Market tries to rally but fades badly later in the year.
Some bonds default.
1931: Credit continues scarce. Markets suck. More bonds default, including many municipal and sovereign issues.
1932: Stocks bottom out and rally nicely. Economy sucks. Even more debt defaults, but at a lesser rate.
1933: Dead duck Hoover still in White House first 2+ months and nothing much happens. Roosevelt finally rearranges things. Gold does well.
Oh, and there's some tables and stuff.
OK? <g>
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