Oct 24, 1929: Wall St crash

Cybergal · Oct 24, 2008

Oct 24, 1929: Wall St crash

As the countdown to Halloween draws nearer, superstitious traders might want to take note of events that took place 79 years ago today the omens facing global markets are eerily similar to those surrounding the 1929 Wall Street Crash.

The crash of 1929, like the current global economic crisis, came after a prolonged period of economic growth.
October 24, 1929, known as Black Thursday, marked the first day of the crash with panic selling ensuing on the Dow Jones. This was triggered by predictions of an impending market crash, leading to a record 13m shares being traded.
Later that day, five banks gathered about $20m (£13m) together to buy stock and restore confidence in the market as the Dow closed at 299.47, with the rally continuing into the next day.
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http://www.telegraph.co.uk/finance/3253999/Oct-24-1929-Wall-St-crash.html

Truckerjo · Oct 24, 2008

But its getting better...... They just keep trying to tell you this so you will not be afraid... We all should be very afraid... VERY afraid.... its going to get bad and stay bad for awhile... If Obama win and adds "TRILLION" to the mandatory spending we are done for...

Big Don · Oct 24, 2008

History has a nasty habit of repeating itself. May be on different dates, but. . .

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Oct 24, 1929: Wall St crash

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Oct 24, 1929: Wall St crash

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