April 2, Comments Off on Has the U. Gone Stock Market Mad? This tendency to ignore the natural law of steady growth has its deep roots in American history and the American temperament. The country was discovered, settled, and developed by speculators and adventurers, and not so long ago but that the strain is still in the blood of American business and the general public. The Hoover Bubble took a pause in February and March, flat and down 2. The climb resumed in April with markets rallying 3.

The crescendo was still to come as the Dow jumped another 4. The index did not regain that level for 25 years. It took two and a half decades to get back to even.

Over the next couple of days, stocks began to decline and had fallen 2. Roger Ward Babson, born on July 6, in Gloucester, Massachusetts.

Fair weather cannot always continue.

On October 13th, Dr. Charles Amos Dice, a professor of business at Ohio State University, said that the market rally was just getting started. Who can forget the book Dow 36, published months before the peak with DJIA at 16, a level it would not regain for fourteen years? This is the toughest question in investing.

What caused the Stock Market Crash of that preceded the Great Depression? | Investopedia

The crash came and it was beyond terrific, it was horrific. For every action, there is an equal and opposite reaction, and the symmetry of the rise and fall is a chart pattern that every student of financial history knows all too well.

So what is the primary message to take away from all of this history and discussion of Roger Babson?

Now it is time to step way out onto a limb and remind you that we have been warning that a correction could come since the summer of … and to paraphrase Mr. Babson, we repeat what we said last forex trading philippines broker, and the summer before, that a correction is coming and it might be why did the stock market crash in 1929 lead to the great depression. We see a run to the esque peak of 2, as a possibility and a bubble of that magnitude would likely be followed by a Newtonian reaction and we could see a crash that would lead to the scenario we total money makeover summary by chapter above….

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America's Great Depression - Causes and Cures

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