View Single Post
  #26  
Old 11-29-2007, 07:17 PM
lehighguy lehighguy is offline
Senior Member
 
Join Date: Nov 2004
Posts: 4,290
Default Re: The differences between 1929 and Today

Perhaps you should think in real terms nominal terms. Sure the market went up on the 50bp, but the dollars it was price in lost a huge amount of value. Nominal, not real, gain.
Reply With Quote