April 29 Quotes & Sayings

Bear Market Begin Bear Market End Max DD Sept 1929 June 1932 -86.25 July 1933 March 1935 -33.9% March 1937 March 1938 -54.5% Nov 1938 April 1942 -45.8% May 1946 June 1949 -29.6% July 1957 Oct 1957 -20.6% Dec 1961 June 1962 -28% Feb 1966 Oct 1966 -22.2% Oct 1968 May 1970 -34% Jan 1973 Oct 1974 -48.2% Sept 1976 March 1978 -19.4% Nov 1980 Aug 1982 -27.1% Aug 1987 Dec 1987 -40.4% July 1990 Oct 1990 -21.2% Mar 2000 Oct 2002 -49.1% June 2008 Mar 2009 -54% Average Bear Market: -37.3% Buy and Hold since 1942 Compounded Annual Rate of Return: 8.03% Maximum Draw down: 54% Prior to this decade's two severe bear markets, most investors believed that only that the stock market can go up. — Andrew Abraham

Where the hell did this come from? Alex flipped through a Pondimin package insert he had found in another box and saw the last line: Revised June 20, 1996. A similar warning for Redux, a nearly identical drug, was dated April 29, 1996. — Alicia Mundy

For all this talk about us being a nation at war with child abuse, and for all the media hype about witch-hunts and false allegations - and don't ever let anyone use the word witch-hunts about this; there were no witches - the fact remains that in 1994, it is extremely difficult to come forward with allegations of sexual abuse. And the external forces of denial are almost overwhelming. If a case as verified as mine meets with denial, I dread to think about the experience of people who don't have the kind of corroboration that I do. And I really worry that we're getting close to a point where it's going to be impossible to prosecute child molesters, because we don't believe children, and now we don't believe adults. (Cheit "Paper presented at the Mississippi Statewide Conference on Child Abuse and Neglect" Jackson, April 29 1994.) — Ross Cheit