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To: llwk7051@aol.com who wrote (1617)8/26/1998 11:27:00 AM
From: David Lawrence  Read Replies (1) | Respond to of 4467
 
"Of 6,580 companies examined in the DLJ study, 6,107, or 93 percent, had fallen at least 10 percent, and 1,784, a quarter of the total, had declined at least 50 percent on the basis of Aug. 21 closing prices.

A similar analysis of 2,335 companies involved in the 1987 stock market plunge showed an average decline of 44 percent from the market peak on August 26 of that year to the trough on December 4. "

Yup. Been there. Done that.


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