Show MOODY'S MOODYS Moodys Moody's Weekly Review of ot Financial Conditions In Its current Issue says In part rt Two errors which evidently should be avoided are re on the one hand to suppose suppose sup sup- pose poe that the decline Is all over and andon andon f on the other to Imagine that we are in for a drastic bear movement like those thos of 1907 and 1921 Share prices are not very low At Wednesdays Wednesday's lowest the average overage for foi fifty flety stocks was nineteen points below belo the peak peal of the great bull huH movement but nineteen points above last March three forty points above October and two sixty points above June 1921 No ico alarming conditions are present resent All the causes of business panic of any kind are completely absent We Ve have no great and serious Inflation og credits Inventories or operating costs Those who hold Investment stocks that really are Investments may at all well continue con holding them In spite of paper depreciation Such stocks stock are worth more at the peak bf or every bull boil bull movement movement move move- ment mont than at the peak of or the the- previous one and worth more at the bottom of every bear movement than at the bottom bot bot- tom tolls of or the previous one Tho TIse Initial bad break In a bear movement usually represents selling out of or weak margin accounts an din the such breaks have usually been followed fol fol- tol- tol I I Sowed owed first by half hal or two-thirds two re recoveries re- re coverlet and later by orderly declines to lower levels i |