Replies to post #29132 on A.I.M. Users Bulletin Board (AIMUSERS)

[extelecom]

John Bogle (Vanguard) on NPR yesterday:
http://www.wamu.org/programs/dr/08/12/18.php#23954

page down.

[ls7550]

Hi Tom

patterns repeat from one panic to another

Comparing three crash periods



The 1930's crash was the deepest, but then again the run-up was excessive.

If you go back a bit further you see just how excessive that run-up was (I got this next one somewhere off Gummy's website).



Not so much a crash as a mean reversion in many respects. Yet after such crash corrections many want to prop-up/see/restore conditions back to prior crash highs.

Best regards. Clive.