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To: Dale Baker who wrote (30583)7/20/2002 1:20:40 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
The S.& P. is now down 44.5 percent from the peak it set in early 2000. That is approaching the 48.2 percent fall recorded in the 1970's in the most brutal bear market of the postwar period. That bear market, which ended Oct. 3, 1974, came in the midst of a severe recession that was far worse than the minor downturn that is thought to have ended early this year.

The Dow is down 31.6 percent from its peak, while the Nasdaq composite index, which starred on the way up, has lost 73.9 percent of its peak value, with a fall of 24.2 percent over the last nine weeks.