Its Over, page-22730

Today, on July 8, 1932:  In the icy grip of the Great Depression, the Dow Jones Industrial Average closes at 41.22 -- its lowest price since June, 1897 -- on total volume of 720,000 shares.

Since its peak on September 3, 1929, the Dow has lost 89.2% of its value.

The average stock trades at 0.49 times book value and 9.7 times reported earnings; the average dividend yield, among stocks than can afford to pay one, is 12.5%.

https://x.com/kurtsaltrichter/status/1810268352914346074

....Cash would be King then!