Dow Jones 1929 market crash reminder
- First spike lasted over 2 months reaching -50% drawdown from ATH
- Then there was +52% dead cat bounce within 5 months, before the worst...
- Finally the market went into 27 months bear market reaching -89% drawdown from its ATH
During this bear market worldwide GDP fell 15%, for comparison in 2009 fell only 1%.
This is how The Great Depression started lasting until 1939
- Then there was +52% dead cat bounce within 5 months, before the worst...
- Finally the market went into 27 months bear market reaching -89% drawdown from its ATH
During this bear market worldwide GDP fell 15%, for comparison in 2009 fell only 1%.
This is how The Great Depression started lasting until 1939
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.