Worse Than the Crash of 1929

From ClusterStock:

We just hit another milestone.  The market has now fallen farther faster than it did during the Great Crash of 1929-1932.

It has been 513 calendar days since the stock market peaked on Oct. 9, 2007. Since then, the S.&P. 500 is down 56 percent and the Dow is off 53 percent.

On Jan. 29, 1931 — the identical number of days after the 1929 market peak — the S.&P. 500 was down 49 percent and the Dow was down 56 percent. The 1929 crash got off to a much faster start, but we have now more or less caught up. 

Here is the visual – the latest update to the “Four Bad Bears” chart from dshort.com (the blue line is the current crash, the grey line is the Crash of ’29):


It’s even more frightening when you look at it using the CPI calculation method used from 1913 to 1982. On this second chart, Doug Short uses this Alternate CPI calculation method from ShadowStats.com for a more accurate, direct comparison:


If you haven’t started stocking up on essentials yet, what are you waiting for?

Explore posts in the same categories: Economy

Tags: , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: