Democratic Underground - This Weekend And Next

Reply #14: This Weekend And Next [View All]

Demeter

(1000+ posts) Send PM | Profile | Ignore

Fri Oct-22-10 07:24 AM
Response to Original message

14. This Weekend And Next

WEE is observing the anniversary of Black Thursday (October 24, 1929), Black Monday (October 28, 1929) and Black Tuesday (October 29, 1929).

Black Monday saw a 13% drop, Tuesday another 12%, with 16 million shares traded, a record not to be broken until 1968.

The DOW took 22 years to recover to the same nominal value. Of course, the DOW changed components, and inflation and deflation took their toll...

Due to an unforeseen scheduling conflict, I may not be able to start WEE until Saturday. I'm going to see the Mikado Friday night. We were supposed to go Sunday, but one of our party couldn't make it then.

If someone can't wait, go ahead and start...I'll catch up after the show!

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Reply #14: This Weekend And Next [View All]