Are stock markets about to have another Black Friday and Monday like in 1929?
###DJIA Mega Crashes:
| 1929 | 1987 | 2020 | |||
|---|---|---|---|---|---|
| 10.17 | -9% | 10.13 | -7% | 3.4 | -8% |
| 10.18 | -12% | 10.14 | -11% | 3.5 | -11% |
| 10.21 | -16% | 10.15 | -13% | 3.6 | -12% |
| 10.22 | -14% | 10.16 | -17% | 3.9 | -19% |
| 10.23 | -19% | 10.19 | -35% | 3.10 | -15% |
| 10.24 | -21% | 3.11 | -20% | ||
| 10.25 | -21% | 3.12 | -28% | ||
| 10.28 | -31% | 3.13 | -21% | ||
| 10.29 | -39% | 3.16 | |||
| 10.30 | -32% | 3.17 | |||
| 10.31 | -28% | 3.18 | |||
| 11.1 | X | 3.19 | |||
| 11.4 | -32% | 3.20 | |||
| 11.5 | X | 3.23 | |||
| 11.6 | -39% | 3.24 | |||
| 11.7 | -38% | 3.25 | |||
| 11.8 | -38% | 3.26 | |||
| 11.11 | -42% | 3.27 | |||
| 11.12 | -45% | 3.30 | |||
| 11.13 | -48% | 3.31 |
Date: (10 = October)
% = where that session closed in relation to the recent All Time High (truncated)
X = Market closed
DOW closed at end of 1929: -37%
Bottomed in 7/1932 @ -89%
Title error: Actually was a Black Monday and Tuesday in 1929. Black Monday in 1987. Stockmarkets don't appear to have had a Black Friday. Black Thurday 24 October 1929 was when the stock market fell massively intraday then recovered all losses to finish the day only down ~2%, thanks to intervention/confidence restoration by some billionaire announcing a massive buy order in the middle of the trading day.
Posted Mar 12, 2020, 6:28 AM UTC · edited
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