The stock market crash of 1929 was one of the worst stock market crashes in the history of the United States. IBM will likely pop higher on its revenue miss, initially, because whenever the Dow is ready to move sharply lower, your government (confirmed by Alan Greenspan in retirement) buys index futures in the low volume after and pre-markets to stabilize and pump the stock market as much as possible, thus improving their own political lives.
As a macro-oriented investor, I look at all three and probably put too little emphasis on asset prices (although one of my goals is to put more effort into valuation and security analysis in the future.) So, I’m going to look at the crash of 1929 largely from a macro point of view.
President Hoover and Treasury Secretary Andrew W. Mellon led the way with optimistic predictions that business was fundamentally sound” and that a great revival of prosperity was just around the corner.” Although the Dow Jones Industrial Average nearly reached the 300 mark again in 1930, it sank rapidly in May 1930.
But a crash is a sure bet, it’s guaranteed certain: Complete with echoes of the 2008 crash, which impacted on the GOP election results, triggering a $10 trillion loss of …
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