SPDR S&P 500 (SPY): Gleno, wow... if true. At this rate we...

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learningboutinv

Re: GLENO34 post# 61521

Wednesday, 10/08/2008 4:06:10 PM

Wednesday, October 08, 2008 4:06:10 PM

Gleno, wow... if true. At this rate we may hit those numbers. LOL...

"1931. The total decline in the Dow came to -89% and took just under three years, September 1929 to July 1932. 1931 came in the middle of that horrific Papa Bear market so that’s dismaying for us today. But, similar to the bottom in 1974, the 1932 bottom came after a grinding last leg down in stock prices. From March through July 1932, we saw an inexorable day-after-day, four-month decline totaling -54%. Whew! Schwartz View: Trading volume was the distinguishing characteristic of that market bottom, shrinking up noticeably."

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=25040147

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