Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Hoatzin who wrote (1265)	4/13/1999 12:08:00 PM
From: eWhartHog	Read Replies (1) of 3543

Kevin, I love the graphics, but I'm having trouble understanding the numbers. Looking at the index level on January 21, when the index closed at 1207.99, an 8-day decline of 37.96% is shown. Yet the highest close on the index prior to January 21 was 1681.21 on January 12. This is a 28.15% decline. The 37.96% decline to 1207.99 would imply a previous index level of 1947.11, which wasn't reached until March. Are you using intra-day prices, or is the split adjustment causing the discrepancy? Regards, John

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