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To: Neocon who wrote (38602)9/24/1999 10:11:00 PM
From: Jacques Chitte  Read Replies (2) | Respond to of 71178
 
It took them over 20 years to recover, that is if you count cash value of the Dow. And many many issues dried up and blew away. The Dow of 1949 was not the same Dow as in 1929.
The 1973 peak of the dow wasn't recaptured until 1985 ... stocks can get a long-lasting kick in the teeth.



To: Neocon who wrote (38602)9/25/1999 10:06:00 AM
From: Ilaine  Read Replies (2) | Respond to of 71178
 
Your facts are wrong ~ stocks lost more than half their value in 1929, and it took 20 years for them to regain their value, on average. But, I don't have time to go into it, as I am logging off and disassembling the computer. Will talk to you maybe Monday. Meanwhile, if you have time, there are many excellent books on the 1929 crash at your public library. Galbraith's is considered to be the definitive one.


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