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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (30330)	10/5/1998 3:48:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 94695

If you'll notice the title of that Yahoo chart, it says "Theoretical". Not sure what that means- I got my figure from the dreaded, "Surviving the Great Depression of 1990", by Dr. Ravi Batra. He doesn't say what the utility index he used for the data was. I'm not sure there was a Dow Jones Utility Index in 1929 (that YHOO chart title seems to confirm that notion). There was however a S&P Utility index, so that may be the 68% figure. This book is full of interesting economic history. I mentioned once before on this thread that he may have been absolutely correct in his projections. His timing just may have been off by about 8 years. Just for Kicks, Here are some of the biggest losers from 1929-32: Machine Tools, Motion pictures -95% Paper -94% Aerospace -91% Investment companies -90% Automobiles, Electrical/Electronics -88% The only industry group that actually increased over that time frame was, you guessed it: Gold Mining Regards, TW