Monday, March 2, 2009

Some facts in 1930 we were 50% corrected as we are today

thats a yr after the crash of 1929. The market then corrected another 60% in about 2 1/2 yrs. (our dow 3200) When the market rallied from bottom to previous top the 5 yr return was 7% annual average. Yes it was max pain and flushed out almost all. We had 25% unemployment. If you just sat and your invested company's didn't go BK you were just fine. With today's improved regulations most of it originating in the 1930's and tweaked over the yrs you can sell and wait for the bottom or stay invested don't open the statements and know eventually it will come back. G/L all

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