Your Dow Jones graph is interesting and looks a lot like what we went through in the first decade of this century. I guess what goes around comes around, and around, and around..... Yikes. Whats also interesting is that it took until after the Korean War for the Dow to exceed its immediate pre-crash (1929) value. I wonder how much an investment in 99s in 1932 would yield today? If I remember correctly, according to Murray there were less than 3,000 serial numbers issued to 99s in that year.
