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Post# of 252008
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DewDiligence

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DewDiligence

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Re: None

Wednesday, 03/03/2010 4:27:54 PM

Wednesday, March 03, 2010 4:27:54 PM

Post# of 252008
One Year Ago
(tooting my own horn)

From #msg-35980601:

Today may be the proverbial day of capitulation when hordes of people decide they don’t want to own any stocks and sell everything. If you have dry powder, you can buy shares of myriad fine companies at prices that haven’t been seen in a long, long time.

On the day of that post (3/2/09), the S&P 500 index fell below 700 for the first time since the mid 1990’s.* It closed today at 1118.79.

*The index bottomed at 666.79 four days later.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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