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To: Cynic 2005 who wrote (9745)	10/29/1998 11:40:00 AM
From: Tommaso	Respond to of 86076

I have probably told this story already, but prior to thr 1987 crash I had been trying repeatedly to get the bank trust dept. that had my mother's money to move some of it out of stocks. After the crash, we got cheery memo saying that worse things had happened, that the market had crashed a lot further in 1914. What I discovered was that as war broke out in 1914, the stock market was temporarily closed. Dow Jones took the opportunity to recalculate their averages on a lower level. When the markets reopened, stocks were higher but the new DJ average was much lower. I wrote to the bank pointing out their error but never got a response. As we say over and over, in that kind of business it's safer to be respectably wrong. To go against the crowd is like the guy I just heard of who mows his lawn on hot days in a jock strap. Maybe rational in terms of his health, but not acceptable in the neighborhood.