On Aug 30, 2007, at 11:51 AM, Louis Proyect quoted Patrick Bond and Dennis Brutus:
We are witnessing a boot to the bum of the Johannesburg Stock Exchange, which lost nearly US$100 billion--17% of its value--between July 23rd and last Friday.
It looks like the JSE index quadrupled in the year ending at that July peak. So if the 17% decline matters, doesn't the 300% increase matter almost twenty times more? Or does it only matter on the downside? Doug
