Historians often point to October 29th, 1929, as the beginning of the Great Depression, but it really wasn’t. Black Tuesday, as it is known today, was merely the capitulation-phase of a stock market collapse that had begun more than a month earlier. Equities prices had been gyrating wildly since early September edging lower and lower between weak, but infrequent rallies. By the time October rolled around, the sense of foreboding was palpable reaching its peak on October 24 when the market was battered by the first titanic selloff on Black Thursday.
Posted on: Tue, 29 Oct 2013 19:35:31 +0000
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