Three things you didn’t know about the crash of 1929

October 28, 1929– 90 years ago today– is known as ‘Black Monday’ in financial circles. The US stock market had peaked the previous month, on September 3, 1929, with the Dow Jones stock index reaching a record high of 381. But throughout September and October, nervous investors began pulling their money out of the market. And over a three day period in late October (including Black Monday), the market lost more than 30% of its value. Ninety years later, I thought it would be prudent to look at three key insights from that historic crash, starting with: 1) Stocks are more overvalued today than they were in 1929 Back in … Continue reading Three things you didn’t know about the crash of 1929