"Of course it simply goes without saying that we will now be treated to the roars of Wall and Broad that a fourth consecutive down year is a near impossibility. As you will see in the following chart, there have only been four times in the prior 105 calendar year history of the DJIA that three consecutive down years have occurred. But there has only been one four year consecutive period price decline. And that decline came during 1929 through 1932. A period characterized by economic depression. An economic characterization academically dissimilar to the picture painted by current governmental economic statistics."
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