The DOW JONES Index peaked on September 3, 1929 at 381.17. It ran lower into October 24th, 1929 when the market plunged 11% on the open from the preceding day. We call that Black Thursday even though the market closed only slightly lower.
The crash continued Monday October 26th when the Dow tumbled 13% and another 12% on Black Tuesday October 27th. The Great Depression had begun. The crash didn’t stop until July 8th, 1932 with the Dow down to 41.22, an incredible 89.2% drop.
I think it is going to happen again.
Soon.
Very, very soon.
www.321gold.com/editorials/moriarty/moriarty091121.html
Views:
1