Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (3412)	10/5/1998 9:37:00 PM
From: RockyBalboa	Read Replies (1) of 4634

Ok, so far. But there are comments (eg on Barrons, today) which see the things more complicated. So, a shortlived run may happen but soon to be followed by an even deeper fall: Message 5904133 "In fact, these losses are on a par with what history identifies as the Great Crash of 1929 -- which culminated in Black Thursday, October 29, of that fateful year. The damage in that first leg down was 44.7% as measured by the S&P (there was no Nasdaq until 1971). Not so well known is the fact that the market put together a very big rally after the crash, gaining 46.8% as measured by the S&P, in a five-month recovery that ran into March of 1930. After that the real toboggan ride would start, and by June 1932 the damage was a mind-numbing 86.2%." And what to buy? Way oversold stock with reasonable numbers or the nifty ones, which suvived the drop nearly unhurt? C.

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