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Crash of 1929 »

Posted on 7 Mar 2013 | 10,961 views
New York Stock Exchange DJIA Stocks on October 29 1929

The Roaring Twenties, the decade that led up to the Crash, was a time of wealth and excess. Despite caution of the dangers of speculation, many believed that the market could sustain high price levels. Shortly before the crash, economist Irving Fisher famously proclaimed, “Stock prices have reached what looks like a permanently high plateau.”

Featured »

Posted on 8 Apr 2011 | 7,253 views
Philip Morris Stock Price After 1929 Stock Market Crash

Philip Morris was incorporated in New York City in 1902. The “Crash of ’29” and 1929-1932 Bear Market had wiped out over 27% of Philip Morris stock value. By the middle of 1932 with dividend payments, you would have made money owning Philip Morris stock.

Bear Markets »

Posted on 25 Mar 2011 | 8,246 views
1929 thru 1932 DJIA Bear Market Performance

It took almost three years for the “Dow” to reach the bottom. The 1929 crash was a dramatic drop with the Dow dropping almost 50% in just over two months. However, the Dow’s decline was far from over in terms of either extent or breadth. The market continued its decline for another two and a half years — through the first half of 1932.

Crash of 1929 »

Posted on 25 Mar 2011 | 7,603 views
Black Monday and Black Tuesday Dow Stock Prices

Monday October 28, 1929 was the first “Black Monday“, where investors decided to get out of the market and the Dow Jones Industrial Average collapsed 38.33 points, or 12.82% on the day. The next day was “Black Tuesday“, October 29, 1929, where the Dow Jones Industrial Average lost an additional 30.57 points, or 11.73% on the day.