Salt Lake Telegram | 1940-05-31 | Page 25 | Market Panic Follows in Old Groove

L I Market arket Panic in Old Groove RICHARD WALDO and ABREL i t VEW w YORK YORK Some Some idea of the market that ree ee of stock panic r rowed wed the Belgium episode is by recent surveys made the he basis of comparison Since T end of the last war there ve Ye e been five major security J inges the first a drop of over er cent in 1920 attendant on ir realization that the World if toom oom was abnormally inflated ire JUe e was the slow and celebrated mb the twenties that d ded dd d with the crash of 29 when 12 aPet et drop was 50 per cent The third serious crash is the ther r cent drop in 1933 followed Ji Ii a climb back for a repeat in 37 J with a fall of 18 per cent its summarizes the four great sin ln a year 20 slice of Indus Indus- J U history and points up the gent ent low of 24 per cent which fit s eld off and on for a period woo o o. weeks Agan Again going by long term studies popular reaction rather than le changes in the daily dally Euan Eu Eu- an reports the analysts fore fore- Ja a period in which the scare even in the event of a alUsh lUsh illish turn in war news Like the of a cardiac attack 1 e is expected to clap 5 3 of and to his heart every time Si backfires backfires to to see how he is isKI KI king g it Translated to the stock market rokers look for a lot of pulse e ng even in the face of news It a would ordinarily beget the rge geTto to buy