i was married to my wife of 19 years and thankfully still counting.....
October 28, 1989
the Giants were also swept by the A's in the Quake delayed "Bay Bridge Series" the A's were a better team, yet Tony LaRussa used his #1 and #2 pitchers in games 3 and 4 and the Giants did not..... (BOOOOO)
On October 28, 1919, Congress passed the Volstead Act providing for enforcement of the Eighteenth Amendment to the Constitution, ratified nine months earlier. Known as the Prohibition Amendment, it prohibited the "manufacture, sale, or transportation of intoxicating liquors" in the United States.
By the market close on 10/29, the Dow had lost 39.6% since its market high on September 3rd. By early November the Dow had broken down to new lows. The ultimate low did not come until July, 1932. By that time the market had lost almost 89% of its value.
<< <i>By the market close on 10/29, the Dow had lost 39.6% since its market high on September 3rd. By early November the Dow had broken down to new lows. The ultimate low did not come until July, 1932. By that time the market had lost almost 89% of its value. >>
Thanks, I did not know that. We have a ways to go to get to that point.
<< <i>By the market close on 10/29, the Dow had lost 39.6% since its market high on September 3rd. By early November the Dow had broken down to new lows. The ultimate low did not come until July, 1932. By that time the market had lost almost 89% of its value. >>
Thanks, I did not know that. We have a ways to go to get to that point. >>
Just give it time, the market will continue to fall.
We may see a brief rally after the election, but it will be shortlived. No matter who wins.
Inflation starts next year and the market will continue it's slide for some time.
I don't think it will ultimately lose 89% of it's value, but 70-75% seems possible to me.
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Kip
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October 28, 1989
the Giants were also swept by the A's in the Quake delayed "Bay Bridge Series"
the A's were a better team, yet Tony LaRussa used his #1 and #2 pitchers in games 3 and 4 and the Giants did not..... (BOOOOO)
Edited out my dumb question.
<< <i>By the market close on 10/29, the Dow had lost 39.6% since its market high on September 3rd. By early November the Dow had broken down to new lows. The ultimate low did not come until July, 1932. By that time the market had lost almost 89% of its value. >>
Thanks, I did not know that. We have a ways to go to get to that point.
<< <i>
<< <i>By the market close on 10/29, the Dow had lost 39.6% since its market high on September 3rd. By early November the Dow had broken down to new lows. The ultimate low did not come until July, 1932. By that time the market had lost almost 89% of its value. >>
Thanks, I did not know that. We have a ways to go to get to that point. >>
Just give it time, the market will continue to fall.
We may see a brief rally after the election, but it will be shortlived. No matter who wins.
Inflation starts next year and the market will continue it's slide for some time.
I don't think it will ultimately lose 89% of it's value, but 70-75% seems possible to me.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I was paying about the same for silver as I am now... Only the spot is about half of what it was..
eating rutabagas for dinner.
Camelot