stock market facts

[Chris Burford]

At 22/07/02 19:51 -0400, you wrote:
>Today's close in the S&P 500 is 46.3% off its 3/24/00 high. That's a hair 
>behind the 10/3/74 low in the last serious bear market, -48.2%. It took 
>630 days to make the low in 1973-74, and 850 to get to today's. But 
>there's a way to go before matching the low of 5/32 (using monthly rather 
>than daily data): -82.3%
>
>The Nasdaq is 74.6% off its 3/10/00 high. The Dow is off a mere 33.6% from 
>its 1/14/00 high.
>
>The bull market was a big political, social, and cultural phenomenon. The 
>bear market probably will be too. WITBD?
>
>Doug

This may be an opportunity to get over the need for political pressure, 
rather than economic pressure, more political accountability and stability 
in the wonderful capitalist system. And with half the US population owning 
shares, some of them no doubt on this list, greater safety for their 
interests and transparency about the contradictions between the directors 
and the investors.

Could US citizens also try to tune into global agendas for greater justice 
and stability in the world, and press their govenrment that going it alone 
will not always work?

Chris Burford

London