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Good point, I have access to some history I can look into. But generally I can say that much info is likely to be missing about disasters that didn't happen, which is why this will be hard to quanify. As an example if we use historical price data in our share trading, we should try getting data...

The Australian Financial Review also reported on Jerremy Granthams comments today. Pitty you cant get this article online without a subscription because they point out some inconsistencies in the message. Summary of what AFR wrote... * Grantham says prices must come back to the normal...