More downside or bottom?90-91 vs 07-08 stock comparison

D

Daal

Top to bottom declines

90-91
C - 50%
BAC - 70%
MER - 65%
WFC - 42%
JPM - 75%
WM - 60%
AXP - 55%
BSC - 50%
USB - 45%
STI - 45%
WB - 48%
BK - 68%

Avg 56%
Avg worst 61%
S&P - 20%
Nasdaq - 35%


07-08

C - 64%
BAC - 32%
MER - 53%
WFC - 32%
JPM - 29%
WM - 78%
AXP - 40%
BSC - 67%
USB - 20%
STI - 39%
WB - 65%
GS - 36%

Avg 46%
Avg worst 65%

Reginal banks ETF - 35%
Banks ETF - 50%
S&P - 18%
Nasdaq -23%
 
I posted this in another thread regarding 1990/91 & how worthless headlines of the time were in forecasting market direction.

Headlines of 1990: http://news.google.com/archivesearc...range=1991,2002

"Will the Recession Be Global? There are some dire warnings..." - Nov 4, 1990
"Jobless Rate Steady; Start of Recession Seen" - Nov 3, 1990
"Recession May Force Taxpayer Bank Bailout Finance" - Sep 12, 1990
"Leading Indicators Fall for 4th Month, Signaling Recession" - Dec 1, 1990

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Excellent work "Daal" and "Makloda".

You guys are one big reason why I come back to this Trading Forum . . . and it sure beats the cut and paste "Gloom & Doom" garbage that those kids like "S2007S" constantly litters the forum with.

Nice work!
:)
 
Depression of 90? Jeez, how about 1974-75. Look at the lead up to that one beginning with the (real) top in 1966. Look at an inflation adjusted chart for the period.

We had a war and entitlements driving the overheated economy. When the fed tapped the brakes in 1969 and 1970 the market went into a short death spiral. From there on the fed alternated between shoving money into the system and slamming on the brakes.

In 1973 we had our first oil shock, the Arab oil embargo, as retaliation for supporting Israel in the Arab/Israeli war. On top of that the Russian crops failed and they became a massive buyer on the world markets. The price of wheat and other grains soared. It never got back to the old levels under $2 per bushel.

deja vu all over again!
 
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