We've Fallen Farther, Faster Than 1929 Crash
The New York Times points out that the S&P 500 is down 56% since it peaked on Oct. 9, 2007, 513 calendar days ago. In the identical number of days from the 1929 market peak, the market was down 49%. So we have fallen farther, faster in this market crash than the mother of all crashes.
The Dow is off 53% since its Oct 2007 peak, compared to the slide of 56% for the same time period in the 1929 crash.
Following the 1929 crash, the Dow finally bottomed out in 1932 after a 90% slide.
Link to NY Time Article
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