RMG 0.00% 0.7¢ rmg limited

dji down 320 pts, page-12

  1. 2,629 Posts.
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    Hi All,

    OK what is all this "Gloom & Doom" about. The Dow was only down 2.64%. Compared to 1929, 1987, and 1997 it is a small percentage drop. If you think we are headed for a massive correction then I suggest sell everything.

    Having lived through the 87' & '97 crashes I don't think I will be selling my RMG shares or any of my other shares.

    Stay focused on the fundamentals and research that we have done on RMG and the news to come.

    That is MHO so everyone do your own research.

    Let's look at some facts.

    1929 Crash:
  2. * On Thursday 24/10/1929, the Dow was down 20%.
  3. * On Monday, 28/10/1929, the Dow closed down 13.5%.
  4. * On Tuesday, 29/10/1929 the Dow closed down another 11.5%.

    By the market close on 29/10/1929, 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.

    The Dow did not recover until 1954.



    1987 Crash:

    The stock market crash of 1987 was the largest one day stock market crash in history. The Dow lost 22.6% of its value or $500 billion dollars on October 19 th 1987!





    1929, 1987, and 1997 charts compared:








 
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