It was 79 years ago today.
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?
----
Photo Credit: "Birthday Cake" by Ariel da Silva Parreira
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.
Without looking at the news today, I knew something good happened... My husband was smiling for the first time in weeks
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. :-)
Hi Chuck,
I'll take a slice with a scoop of ice cream on top, give me a shout when it's ready.
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.
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.
Chuck,
Great observation and way to turnaround the roller coaster experience of the past few days. :)
Steve
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.
Susie- It's never too early for cake... as long as you eat it before the market falls again.
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!
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?
Comments(13)