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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (73025)	3/5/2007 12:20:27 AM
From: TH	Read Replies (1) \| Respond to of 306849

Jim, <When Kudlow turns bearish the bottom will be in> Was there ever a time when Kudlow was bearish? That guy has a serious case of one-track-mind with his <greatest story never told> mantra. GT TH

To: Jim McMannis who wrote (73025)	3/5/2007 12:23:05 AM
From: Mick Mørmøny	Respond to of 306849

A Scary Tuesday Was No Black Monday By PHYLLIS KORKKI Published: March 4, 2007 Let’s put this in perspective. Last Tuesday, the Dow Jones industrial average tumbled 416 points. That seems like a lot. And, in fact, in the 110-year history of the Dow, it was the seventh-largest point drop. But now look at the percentages. The Dow’s decline that day was 3.3 percent — you could almost call that a blip when measured against the biggest plunges on record. Top billing in the percentage department goes to Oct. 19, 1987, “Black Monday,” when the Dow plummeted 22.6 percent (508 points). Next in this hall of famed falls is Oct. 28, 1929, the original Black Monday (which followed Black Thursday), when the Dow sank 12.8 percent. And investors got walloped again the very next day, when the average fell an additional 11.7 percent. That two-day drop amounted to almost 69 points — a total that would cause barely a batted eyelash now. But back then it was life-altering. Add another big decline the following week and you have all the beginnings of a deep, deep Depression. nytimes.com