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To: pater tenebrarum who wrote (85687)2/21/2001 8:41:15 PM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
Heinz, you are Da Man thanks for the links.

I remembered that dow jones has a site with history on the averages.

averages.dowjones.com

and the DJIA had a close on Friday July 8th of 41.22 and an intraday low of 40.56

July 8th was the birthday of Junius Pierpont Morgan and also John D Rockerfeller, JPM was born in 1837 and
JDR in 1839. Andrew Carnegie and Jay Gould were also born in the same era, Carnegie in 1835 and Gould
in 1836. Although those 2 were not born on July 8th. but they all helped to create the business environment
when the huge empires were built.

Rockerfeller was still alive and playing golf in 1932 and he and his fellow standard oil titans, has enough money
that Rockerfeller could have looked at the tremendously oversold DJIA down at 40 on July 8th of
1932. and said "Hell, I'm 93 and some of these stocks look dirt cheap, I'm gonna buy some for as a birthday
present for myself, and the country at large " -g-

one never knows...... they did construct Rockerfeller center during 1931 and 1932 at the height of the
depression when materials, labor and all the other associated costs were very, very low.

John



To: pater tenebrarum who wrote (85687)2/22/2001 8:16:56 AM
From: re3  Read Replies (1) | Respond to of 86076
 
lease rates for the millions of readers -g-http://www.kitco.com/market/LFrate.html