Like 1937?

10/13/2008 9:39 am EST


Thomas Aspray

, Professional Trader & Analyst


Several journalists have described the S&P's decline this year as the worst since 1937. From the March 1937 highs to the March 1938 lows, the Dow's decline was 49%, and as of Friday, the Dow is down 44.5% from the Oct. 2007 highs. You should also note that the rally in 1938 retraced 61.8% of the decline.

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