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Bill, the stock market has gone up roughly 1000% since Black Monday in 1987. Probably 2000% (or more) since 1950. 500% since 1950 isn't much.Jason
Yes, and look what's happened to the value of the dollar since 1950. Is it worth 5% today of what is was then? Barely.
The stock market: No kidding, and with all the day traders today, sitting in front of their computers, the market is even harder to gauge. The first signs of a panic, these inexperienced day traders start selling, and selling, and selling...losing millions of $$$ in the process. Shades of October 29, 1929. The original black day.
Last edited by NumberDummy; Aug 9, 2007 at 10:45 PM.
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.