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1929 Stock Market Crash



October 02, 2008 – Comments (1)


Fools talk about recession vs depression or reply with the stupid "that is doom and gloom talk!". But they really have no idea what the depression was or what it means. In today’s lesson we will take an hour to see what the 1929 Stock Market Crash was about and see if it is relevant today. I think you will see an amazing correlation to today.


Google Video has the 54 minute clip here: 

1929 Stock Market Crash (Part 1)


1929 Stock Market Crash (Part 2)


1929 Stock Market Crash (Part 3)


1929 Stock Market Crash (Part 4)


1929 Stock Market Crash (Part 5)

"All men are equal for fishes"

Herbert Hoover 


1 Comments – Post Your Own

#1) On October 02, 2008 at 8:21 PM, awallejr (35.47) wrote:

In 1929 the market went from basically 343 to an eventual 1932 low of 43.  For today to become comparable the market would have to go to 1750 (using a 14000 top).  1750.  Let me repeat, 1750.  GE would be selling for $3 a share.  I don't think Warren Buffett is that stupid.

So while I don't see this market recovering for a couple years, I suspect we really are nearing a capitulation bottom.  Might have to hit 9000, but we aren't hitting 1750.  A century of inflation alone would preclude that.

The videos were interesting tho from an historical viewpoint.

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