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Pastimes : Ask Mohan about the Market
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To: paul richards who wrote (16281)8/27/1998 10:56:00 PM
From: Zeev Hed  Read Replies (1) of 18056
 
Paul, this is really a misleading chart, it should have been plotted half logarithmically, then you would see the 1929 debacle, on this chart it is a blip. On a logarithmic chart you will also see that the trend is not that far from the growth in the the economy and the decline in the dollar. On a logarithmic scale, of course, a decline of 5000 points on the dow from 9300 will look like another blip in a long term ascending line.

Zeev
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