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To: fedhead who wrote (152517)	2/5/2003 6:41:31 PM
From: Alomex	Respond to of 164684

The Dow Jones Industrial Average lost 89% of its value from its 1929 top to 1932 bottom. It took the Dow nearly thirty years (until 1956) to get back to its inflation adjusted 1929 high! Let's move on to the 1966 stock market peak. Most do not consider the 1966 peak near the scale of the 1929 top. However, we can see that the bear market of 1966-82 was almost as bad as the bear market of the 30s, with the Dow losing over 75% of its value from its 1966 inflation adjusted top to 1982 bottom. Inflation just hid the "real" bear market which was occurring. Note line two which shows us that it took the Dow 29 years (until 1995), to reach its 1966 inflation adjusted top. addictedtoprofits.com