by Gebari » Tue 14 Oct 2008, 11:31:03
Here's an interesting fact I saw on TOD - of the 10 biggest gains in Dow history, 5 came in the period Sept. 3, 1929 to July 8, 1932, a period in which the Dow lost 89% of it's value:
Oct. 6, 1931: Up 14.87% (2nd highest)
Oct 30, 1929: Up 12.34% (3rd highest)
Feb 11, 1932 UP 9.47% (8th)
Nov 14, 1929 Up 9.36% (9th)
Dec 18, 1931 Up 9.35% (10th)
This compares to yesterday's percentage gain of 11.08%, which is 5th highest of all time.
The history book on the shelf, is always repeating itself.