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Huntsman Corporation Message Board

  • scsmith_12000 scsmith_12000 Feb 24, 2011 10:55 AM Flag

    Since I have been dubbed the resident chicken little on this board....

    I tend to wonder about history such as this. Are we following in the same footsteps, yet at a much quicker pace? We recovered our losses quicker, are we entering the second bear market quicker too?

    "A bear market followed the Wall Street Crash of 1929 and erased 89% (from 386 to 40) of the Dow Jones Industrial Average's market capitalization by July 1932, marking the start of the Great Depression. After regaining nearly 50% of its losses, a longer bear market from 1937 to 1942 occurred in which the market was again cut in half"

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