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Votes:0 Walker Market Letter (free!) | Day Trading & Swing Trading | Famous Bull and Bear Markets The 1929 Crash, like the 1987 Crash, was preceded by a market top in late summer. In 1929 the top came on September 4th. As in 1987, the new highs in late summer did not cause much hoopla. The market had been in a strong bull market for years and new highs were almost taken for granted. In fact, the 9/4/29 Wall Street Journal did not even mention the new highs in its "Abreast of the Market" column: "Considerable profit taking came into the stock market at times yesterday after the triple holiday, but in most instances this supply was absorbed easily. New leaders were brought forward and attracted heavy buying..." - Wall Street Journal, 9/4/29 Just as in 1987 , the day after the top Read More Go to Site
Votes:0 Revisiting the stock market crash of 1929 By Charles A. Morse web posted April 24, 2000 We are accustomed to viewing the 1929 stock market crash and the depression that followed as an example of greedy capitalism run amuck. Nothing could be further from the truth. Understanding the crash and depression requires a study in money, circulation, credit, and other subjects that seem dry and dull at first glance. The insufferable shoptalk around the subject of economics causes us to tune out. Once the jargon, sophistries, and linguistic posturing are swept aside however, the subject becomes fascinating. To understand monetary issues is to understand the essence of private ownership and freedom. Manipulation by governments, usually working in tandem with central bankers, of our monetary supply is Read More Go to Site
Votes:0 Causes of the Stock Market Crash The 1920's were a time of unbelievable prosperity. The stock market was going through the roof and the United States seemed to have the formula for limitless prosperity. However, the same formula that generated all of that profit would also be the cause of Black Tuesday. Investment during the 1920's was based on the unstable basis of margin buying. Investors bought borrowed money from their brokers, who went to banks for that money. When stocks failed and investors needed to default, the money was permenantly lost. However, adding to the crash of '29 was the slowing economy. The desire for consumer durables (expensive items refrigerators, radios, and automobiles) went down as Americans became satisfied with what they had. This in turn affected the companies Read More Go to Site
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