The stock market crash of 1929 - charts and videos

OLD VERSION OF THIS PAGE, THE NEW VERSION IS HERE

Many similarities between the corona crash and the 1929 crashes can be observed. Note the corona virus is the excuse or catalyst, how this market responded to a rate cut dictates that there is a bearish mood in the air. ( March 2020 )

Prior to crash

1. Easy credit makes everyone rich (See video 1)

2. Too many people are already long of property and stocks. (Nobody left to buy)

3. High leveraging is available to people, even those with poor credit ratings.

4. The markets become dependent on credit to sustain themselves.

5. The markets make all time highs 1 year before the crash.

During the crash

1. The inevitable domino effect sweeps through the market causing a succession of margin calls.

2. People try to sell, but there are no buyers. (See video2)

3. Markets go into nosedive

4. Regulators try to stem the declines but succeed only in making things worse. (See video3)

5. Regulators clamp down on short selling, and blame speculators for declines. (See video5)

6. Bank runs cause panic withdrawals from banks

7. People rush to buy gold

The aftermath....continued below videos

The crash of 1929 Part1

The crash of 1929 Part 2

The crash of 1929 Part 3

The crash of 1929 Part 4

The crash of 1929 Part 5

View 1929 chart, dates and scenarios

1929 data showing percentage declines and dates

The Average stock P-E in September 1929 was 32
The Average stock P-E in 1932 was 6
The Dow Jones fell from 386 to 40 which was an 89% decline
The main "Black days" were October 24th, 28th, 29th...)
The worst of these being Black Tuesday the 29th October 1929
If history repeats itself we will be looking at the following prices in 2011
Dow Jones at 1250.65 in 2011, from a high of 11543 in 2007
FT-SE100 at 740.32 in 2011, from a high of 6950 in 2007
SP500 at 160.65 in 2011 from its high of 1576 in 2007
Most speculators were wiped out but one exceptional man named Jesse Livermore was rumoured to have made over $10,000,000 on Black Tuesday
A new age of austere financial restrictions come into place in 1929, Breadlines, the great depression and mass unemployed
It was also noted that skirt lengths of ladies clothes correspond with how the economy is progressing. Skirts get shorter and shorter when booming and longer during economic downturns. The theory is that high wealth leads to looser morals and recessions cause people to be more conservative and hence get longer skirts. How long are the skirts you see around you this year? .....