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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (56691)	10/1/1999 8:49:00 PM
From: Jacques Chitte	Read Replies (2) \| Respond to of 108807

'29 through '33 was a drop of 90% from peak to trough, not 20%. For comparison, '73 -'74 cut 70% of the cost of the blue chips. Truly heady times for holders of bear funds.

To: Ish who wrote (56691)	10/1/1999 9:49:00 PM
From: E	Read Replies (1) \| Respond to of 108807

<<<The whack in '87 was 23% and turned around sharply because the country believed in Reagan. >>> You're giving Reagan, functional credit for the upturn in the market. I don't know how such a proposition could be tested. If you were looking for people responsible for boosting confidence in the market, I would think you'd start with the Federal Reserve guys and pom-pom boys of the financial media. The idea that the decline of '87 would have turned into a depression of the '29 - '33 sort is a speculation I haven't heard before. There were many differences in the two eras.