17 February 2009

Stock Market Crash Rivaling Great Depression

The current stock market crash has slipped from mere serious recession levels to the deeper decline seen in the Great Depression and seems to be staying on this track. It has already fallen further than the 1973 oil crisis and the tech bust at their lowest points.


Michael Malak said...

The stock market fell 90% during the Great Depression. So far it has fallen only 50%. I'm thinking 70% is in order this time around, which would put it at around 4250.

Andrew Oh-Willeke said...

The link has a chart of how many months we are into a bear market against how far it has fallen. By that measure we are now at a Great Depression trend line.

I have to agree that we will probably fall not as much as the Great Depression, but more than we have so far. You may be right.