The 1929 & 2007 Bear Market Race To The Bottom Week 54 of 149

Mark J. Lundeen
Mlundeen2@Comcast.net
24 October 2008

Here is the BEV chart for the Bear Race.



Week 54 in the Dow Jones’ Race to the Bottom between 1929 and 2007 bear markets are as follows:

1929 : -36.59% from its all time weekly closing high price of 380.33

2007 : -40.55% from its all time weekly closing high price of 14,093.08

For the third week in a row, the 2007 bear leads the 1929 bear.

I anticipate a bounce sometime soon. But I said that two weeks ago and it hasn’t happed yet. We know that Treasury Secretary Paulson has $700,000,000,000 to spend on managing our “free markets.â€