1990: Just as investors are feeling pessimistic, the great bull market of the 1990s begins. The Dow Jones Industrial Average edges up 9.90 points to close at 2407.92. Stocks will more than quadruple over the next ten years.

The Wall Street Journal, October 10, 2000, p. C15

1930: President Herbert Hoover hosts a Òsecret dinnerÓ at the White House with New York Stock Exchange president Richard Whitney. The two leaders discuss plans to combat the Òbear raidsÓ that are driving down stock prices. A fat lot of good that does: By yearend, stocks have lost another 14.7% of their value.

Joel Seligman, The Transformation of Wall Street: A History of the Securities and Exchange Commission and Modern Wall Street (Houghton Mifflin, Boston, 1982), p. 8;Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated