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Friday, August 05, 2011

OpEd: Markets: The secondary lows

If you click on the post, you can see the charts in Wikipedia of the Crash of 1987----and if you note, it was not just the plunge of October 1987, but also the secondary lows later that took its toll. I remember December of 1987 well---to have a little optimism on the rally after the Crash totally twisted and wrung out of you as the lows hit for December 1987. It was not a happy Christmas on Wall Street.

Also, back in 1929, the most difficult time was in mid-thirties when the administration decided to tighten money supply.

So....beware of the secondary lows...

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