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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59115  
Subject: Re: When intercst Tires of Cruises Date: 7/25/2013 3:01 PM
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telegraph misremembers,

And we had a 80% market crash in '73''74......before intercst was even working.

As usual, you're way off the mark.

http://www.epips.com/djia/1970s-oil-crisis.html

One notable exception to the overall trend was the stock market crash of 1973-1974. The Dow Jones Industrial Average fell from a high price of 1067.20 on 11th January 1973, to a low of 570.01 on 9th Decemeber 1974, a 46.6% drop--

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I note that's less than the 54% dorp we suffered during the Bush/Cheney Economic Collapse of 2007-2009.

http://en.wikipedia.org/wiki/United_States_bear_market_of_20...

The DJIA, a price-weighted average (adjusted for splits and dividends) of 30 large companies on the New York Stock Exchange, peaked on October 9, 2007 with a closing price of 14,164.53. On October 11, 2007, the DJIA hit an intra-day peak of 14,198.10 before starting its decline.

The decline of 20% by mid-2008 was in tandem with other stock markets across the globe. On September 29, 2008, the DJIA had a record-breaking drop of 777.68 with a close at 10,365.45. The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.

</snip>


intercst
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