[lbo-talk] anniversary

[andie nachgeborenen]

Which is too celebrate, though, depending on what?
Smart people, which I was not at the time, bought low
and did well back in 1982.  I still buy good stocks
when they go down, since I think the efficient market
hypothesis is hooey. Low stock prices therefore hurt
naive investors  like I was then and index fund
managers, while they set up the Warren Buffets to
profit outrageously. jks

--- Doug Henwood <dhenwood at panix.com> wrote:


> On this day in 1982, sometime in the mid-afternoon I
> think, the U.S.  
> stock market hit a low and turned around. The next
> day, August 13,  
> 1982, it exploded to the upside, beginning the long
> bull market which  
> changed everything. Celebrate appropriately,
> depending on your class  
> position.
> 
> Doug
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>
http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
> 

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