What a Nice Way to Celebrate a Crash

By
Real Estate Agent with Utah Homes 9334967-SA00

Birthday Cake by Ariel da Silva ParreiraIt was 79 years ago today.

Black Tuesday.

The Stock Market crash.

The end of the roaring twenties.

The market had surged for so long... and the correction was grueling.

We've had our own stock market surge.

You can't read the financial papers without seeing people compare our current situation to the crash.

How did the market celebrate the birthday of the great crash?

By rising 900 points in the second biggest single day gain ever.

Who wants cake?

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Photo Credit: "Birthday Cake" by Ariel da Silva Parreira

Comments (13)

Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

By the way- I don't expect the roller coaster ride of the past few weeks to be slowing to a smooth stop. Recent days trading has consisted of much profit taking and making.

Oct 28, 2008 11:22 AM
Judy Greenberg
Coldwell Banker Long Grove - Buffalo Grove, IL
Coldwell Banker - Buffalo Grove - Long Grove Homes

Without looking at the news today, I knew something good happened... My husband was smiling for the first time in weeks

Oct 28, 2008 11:28 AM
Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

Judy- Here's one of my favorite lines from the report, "All of the blue-chip index's 30 components advanced, two-thirds tallying double-digit gains." That'll put a smile on the faces. :-)

Oct 28, 2008 11:47 AM
Cynthia Tilghman, RealtorĀ® Onslow County NC Home Specialist
Kingsbridge Realty, Inc - Hubert, NC

Hi Chuck,
I'll take a slice with a scoop of ice cream on top, give me a shout when it's ready.

Oct 28, 2008 01:09 PM
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL

Hey Chuck... I'll take a corner... Icing on two sides!  We will all come out OK!  Have faith...it's going to all work out.

Oct 28, 2008 01:43 PM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Chuck the only thing that scares me is this isn't normal at all with these whipsaw moves we are seeing.  I really don't know what to expect the next day.

Oct 28, 2008 01:48 PM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Chuck,

Great observation and way to turnaround the roller coaster experience of the past few days. :)

Steve

Oct 28, 2008 03:39 PM
Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

Cynthia- It's ready... here y'go.

Debbie- You're in luck... this corner's for you.

John- Whipsaw indeed. I wonder how long we'll have these ups and downs before it starts to settle into a pattern.

Steve- I've enjoyed all the different explanations that the pundits are giving for this day's results... they're all over the place on cause and effect.

Oct 28, 2008 04:25 PM
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

It's too early to celebrate... but I love the frosting best.

Oct 28, 2008 09:37 PM
Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

Susie- It's never too early for cake... as long as you eat it before the market falls again.

Oct 29, 2008 10:20 AM
Mara Hawks
First Realty Auburn - Auburn, AL
Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL

hey chuck, I did pick up on something, talking to a couple smart friends... it's great to have the historical perspective. Nice post and cake too!

Oct 29, 2008 10:21 PM
Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

Mara- I hope you enjoyed the virtual cake. I tried it... tasted like thin air. :-)

Now you have me thinking... what did your smart friends say?

Oct 30, 2008 07:42 AM
Jason & Amber Gardner
Hasson Company, Realtors - Sherwood, OR
We're Committed to Your Success!

What a refreshing point of view. 

Amber

Nov 01, 2008 07:45 PM