From Forbes Magazine:
During the depression, the Dow fell 48% from its September 1929 peak in a little over two months, reducing our initial $100,000 investment to $52,126 (Point A). From there it rose 48%, recouping some of what was lost, bringing the portfolio’s value up to $77,149 (Point B). Then the Dow went on a series of ups and downs until it bottomed July 8, 1932, when the depression was 82% complete. By the time the Dow reached its ultimate bottom it had lost a staggering 89%.
This year, the Dow initially fell 37% in about six weeks and our $100,000 dipped to $62,913. Then it rose 31% to a ‘possible’ peak by May 8, 2020. However, it seems the Dow is beginning another leg down as it lost -0.42% Monday, -1.89% Tuesday, and -2.17% today (Wednesday).
Those who are seriously watching. See any similarities between this and the historic crash of 1929?
ELLEN MAURER
Post Falls