10.29.2009

The Break In The Market


October 28 and 29 of this year marked the 80th anniversary of The Great Crash of '29. We are reminded by the WSJ blog Market Beat that those days in October were not the worst nor really the beginning of The Great Depression. By April of '30 the stock market was almost back where it was...sort of like today. By Easter the New York Times was referring to The Crash as "the break in the market"...sort of like today.
Danger, Will Robinson.
LD

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