1929 Stock Market Crash Was Not that Bad After All!

NY Times has a very interesting story, that refutes the greatest myth of the 1929 crash, and aftermath:

HISTORICAL stock charts seem to show that it took more than 25 years for the market to recover from the 1929 crash β€” a dismal statistic that has been brought to investors’ attention many times in the current downturn.

But a careful analysis of the record shows that the picture is more complex and, ultimately, far less daunting: An investor who invested a lump sum in the average stock at the market’s 1929 high would have been back to a break-even by late 1936 β€” less than four and a half years after the mid-1932 market low.

Story continues here

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.