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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (10589)	11/18/2008 8:39:23 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 33421

Yep.. all that market cap wiped out in just a little over a year. It's funny that we're looking at GS. If I recall my history correctly, it was a signal back in 1929 of both the top, and the bottom of the market: For example, in 1929 Goldman Sachs was at the forefront of the new investment trusts. It launched a series of share issues, such as the Shenandoah Corporation. Oversubscribed sevenfold, its initial securities of $102,500,000 opened at $17.5 before reaching $36. In the crash to come the price fell to 50c. permanentrevolution.net greenspun.com I truly hope that history does not repeat itself. But something to chew on.. that's for sure. Hawk