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To: Jacques Chitte who wrote (56692)10/1/1999 10:18:00 PM
From: Jacques Chitte  Respond to of 108807
 
I must correct my numbers.
vanguard.com
'29 cut 86% of value and '73 cut 48% of value in the S&P 500. During this time the indices dumped the losers and acknowledged the growers - so the losses are smaller than for the holders of "fixed" portfolios. Someone who held a fixed portfolio through the Depression probably saw most of his holdings turn to worthless paper.



To: Jacques Chitte who wrote (56692)10/2/1999 5:55:00 AM
From: Ish  Read Replies (1) | Respond to of 108807
 
<<'29 through '33 was a drop of 90% from peak to trough, not 20%. >>

I was using the initial sell offs, the same comparison that as made on CNBC. The initial sell off was greater under Reagan but that market turned around rather quickly, unlike the great depression.