themicrokid

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  • Comparing This Past Week to the '87 Crash
    The DJIA regained its post crash high on 1/26/1989, 322 trading days since the crash. On 3/29/1889, the 2274 By 3/10/1993, the DJIA visited double the 1738.74 trough for the first time. By June of 1993, the DJIA had established this level of 3478 as a floor, not to be seen again.

    By 2/6/1996 the DJIA was a double, 5445 from the 2722.42, 1987 peak

    We have now lost 39% in 254 days.

    254 days versus 39 days, quite a difference.

    But with all the stimulation pumped into the economy, it is hard to beleive when the economy starts working, the response won't be fast and furious.

    I regret doing this analysis using the DJIA, but it seemed to best address this post. The DJIA, the most poplular average IMO should be relegated to an arcane position for multiple reasons. 1) Small number of stocks 2) Manipulated by periodic changes of divisors 3) Stocks added and deleted 4) Price weighted rather than market cap weighted.
    Oct 12 16:32 pm |Rating: 0 0 |Link to Comment |View article

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