Aftermath analysis: Numbers showed a slow down in the market in 1926.
Researchers weren't aware of the future impact this could have had.
No evidence was given of a general downturn, just slow.
#marketnews#predepression
Takeaway: 1929 can become a standard for measuring monetary policy from now on.
On the bright side, we could use the new data to stabilize the economy in the future. π’
#marketnews#upside
Analysis: Could the US attack on an Iranian oil station in October of 1929 have had anything to do with the fall?
I think a correlation could be drawn, but it is a stretch.
#marketnews#possibilities
Post-Depression analysis:
We made it. I hope everyone is okay.
GDP dropped from $103.1 Billion to $58.0 Billion in 3 years.π΄
Investors lost more than $20 Billionπ¬π¬π¬
Things are looking up, we should be able to see greater times soon.
#marketnews
The Federal Reserve Bank of New York providing liquidity to the market increase bank liquidity.
However, this was frowned upon by the capital who had not given them the go ahead.π¬
New York's actions are being suspended.
Seems like they were only trying to help.
#makertnews
July 8th, 1932: Lowest of lows. We have officially dropped to 40.56 today.
Try to hang on to any assets you have left. This trying time will pass eventually.
#staysafe#marketnews
September 1931: How could this get any worse!?!? Banks closing. Mass monetary destructions. Unemployment incredibly low. Food shorting. Nothing but red.π¬π΄
#marketnews#staysafe
November 13th, 1929: News of Foshay utilities company of Minneapolis failure spreads. They owned companies in 12 states. Safe to say it is going to be red for a while.π΄π΄
#marketnews#red
October 30th: BOOM
12.34% gain!! Trading volumes through the roof (10,727,000 shares) The more trading the faster we can get out of the red.‴οΈβ€΄οΈ
#marketnews#lookingup
October 24th, 1929: "Thomas W. Lamont, told the press that 'due to a technical condition of the market,' there 'had been a little distress selling on the Stock Exchange.'β GOOD NEWSπ’π’π’
Things are looking up. HOLD!!
#marketnews#holddddd
October 24th, 1929: Panic across the country. The market had a 33.53 point drop today from 305.85.
Major bankers assembling to discuss rapidly accelerating fall of market.
#marketnews#istherehope? #staysafe
October 19th, 1929: Accelerated fall of market. HOLD YOUR SHARES! Around an 8% decrease in the last week.
Do not panic, hold your ground
#marketnews#holdddddd
September 20th, 1929: Slow market recently, showing weakness. 2.14% drop in US markets after the English conglomerate collapsed. π΄π΄
#marketnews#drop