DOJI: New Lows! New Lows!
By Daniel at 28 October, 2009, 3:30 pm
The Market had it’s best rally since 1938… I thought we could look back at the rallies during the Great Depression Bear Market (1929-1932):
Nov 1929 - April 1930 (5 months rally), Dow Jones 200 to 300: +50%
June 1930 - Sept 1930 (3 months rally), Dow Jones 210 to 250: +19%
Dec 1930 - Feb 1931 (2 months rally), Dow Jones 155 to 200: +29%
June 1931 - July 1931 (1 month rally), Dow Jones 120 to 160: +33%
Oct 1931 - Nov 1931 (1 month rally), Dow Jones 85 to 120: +41%
Feb 1932 - March 1932 (1 month rally), Dow Jones 70 to 90: +29%
July 1932 - Sept 1932 (2 months rally), Dow Jones 40 to 80: +100% — END OF BEAR MARKET
Still, in between all these bull runs, the market dropped 89%.
Now to the rallies of 2008-2009 ongoing Bear Market:
Nov 2008 - Dec 2008 (1 month rally), Dow Jones: 7500 to 9000 = +20%
OCT 2009 (so far, rally) (6 months rally) Dow Jones: 6500 to 10000 = +51.4%
Still, in between all these bull runs, the market dropped 50-60-70-80-90%
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We’re seeing new lows!!!!
Link:
“Echoes of another great crash — and the lessons we refuse to learn.
It’s clear now that the crash of that day was not the beginning of the Great Depression but its loudest symptom. Other areas of the economy had been faltering for years and income inequality was near record highs, but this was cloaked by the mania on Wall Street, back in the day when banks could engage in highly speculative trading.
Subprime mortgages could turn into the Michael Myers of the economy. More option ARMS are going to reset in 2010 and 2011, raising the risk of a second wave of defaults and foreclosures”
Written by Prophecy
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