10-10-2008, 12:45 PM
|
|
|
Beer Money Baron
Industry Role:
Join Date: Jan 2001
Location: brujah / gmail
Posts: 22,157
|
Quote:
|
By the end of the week of November 11 (1929), the index stood at 228, a cumulative drop of 40 percent from the September high. The markets rallied in succeeding months but it would be a false recovery that led unsuspecting investors into the worst economic crisis of modern times. The Dow Jones Industrial Average would lose 89% of its value before finally bottoming out in July 1932.
|
http://en.wikipedia.org/wiki/Stock_market_crash |
|
|