'I remember the Wall Street Crash'

by Mike Wright

Posted: 16 years ago 5 replies

OFF TOPIC

By a 97 year old American who still works in the financial sector

BBC NEWS | Business | 'I remember the Wall Street Crash'

Makes for an interesting read .... especially for
all the young knowalls who have *never" really
experienced anything like the current situation.

Older generations are far tougher and wise than
you might think

Frank Ayres 16 years ago

I remember the Wall Street Shuffle
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- Steven Wagenheim 16 years ago
  
  Originally Posted by SpudDS
  
  I remember the Wall Street Shuffle
  
  me too
  
  YouTube - Wall Street Shuffle - 10cc
  
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  My Soundcloud Music Channel
  
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  D.K. Magnus 16 years ago
  
  "I put my doe in Wallstreet in early 1929
  
  when stocks went up my broker told me that a million bucks where miiine
  
  when all my stocks went tuuumbling he told me it was just a scaaaaare
  
  I put my doe in old Wallstreeeet
  
  and now i sell my apples
  
  sell my apples
  
  sell my apples theeere!!!!!!!!!!!!"-Unknown
  
  My friend Denise taught me that song when I was 7 years old.
  
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- JWB 16 years ago
  
  Not to be confused with the Super Bowl Shuffle..lol
  
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bendiggs 16 years ago

For anyone who bothers to look there are a great many similarities between what we are doing now and what happened during the stock market crash of 1929. In a really odd coincidence (maybe?) we are rapidly approaching the 79th anniversary of Black Monday, and we are watching our market plummet. I am still holding out hope we don't see things reach those dire levels.
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derekwong28 16 years ago

Since 1929, there had been more severe one day crashes, notably "Black Monday" in 1987.

However, after one day crash in 1929, the Dow proceeded to lose almost 90% of its value from its all time high. If you use the same correlates, it means that the Dow will bottom at 1400 pts!

Bernanke is supposed to have studied the Great Depression and the Japanese situation closely and he is trying to do exactly the opposite of what the Feds did in the 1930's. But a lot of things are now out of his control since it is now a global crisis.

-Derek
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