alleendewaarheid
19-10-2007, 10:54 PM
It happened on october 24, 1929 and october 19, 1987.
Nothing to fear just something that has been coming for a long time...i could be wrong!!
If it happens will it be an illuminati-orchestrated crash or an ascension-related crash...times are interesting, aren't they?
The $US index hit another new low close at 77.34:eek:
The $US DOW index (main index) went down big for the DOW:eek:
Index Value: 13,522.02
Trade Time: 4:07PM ET
Change: Down 366.94 (2.64%)
Prev Close: 13,888.96
Open: 13,888.47
Day's Range: 13511.94 - 13888.47
52wk Range: 11,881.30 - 14,280.00
Here is Wikipedia explanation of 1987:
http://en.wikipedia.org/wiki/Black_Monday_(1987)
In financial markets, Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) dropped by 508 points to 1739 (22.6%),[1] and on which similar enormous drops occurred across the world. By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, Spain 31%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%. (The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.)
The Black Monday decline was the largest one-day percentage decline in stock market history. Other large declines have occurred after periods of market closure, such as Saturday, December 12, 1914, when the DJIA fell 24.39%, ending the four month closure due to the outbreak of the First World War, and Monday, September 17, 2001, the first day after which the market was open following the September 11, 2001 attacks.
A degree of mystery is associated with the 1987 crash, and it has been labeled as black swan event.[2] Important assumptions concerning human rationality, the efficient market hypothesis, and economic equilibrium were brought into question by the event. Debate as to the cause of the crash still continues many years after the event, with no firm conclusions reached.
In the wake of the crash, markets around the world were put on restricted trading primarily because sorting out the orders that had come in was beyond the computer technology of the time. This also gave the Federal Reserve and other central banks time to pump liquidity into the system to prevent a further downdraft. While pessimism reigned, the market bottomed on October 20.
Here is Wikipedia explanation for 1929:
Wall Street Crash of 1929 - Wikipedia, the free encyclopedia
Wall Street Crash of 1929
From Wikipedia, the free encyclopedia
• Learn more about using Wikipedia for research •
Jump to: navigation, search
"Black Tuesday" redirects here. For other uses, see Black Tuesday (disambiguation).
Crowd gathering on Wall Street.
Crowd gathering on Wall Street.
The Wall Street Crash of 1929, also known as the Crash of ’29, was one of the most devastating stock market crashes in American history. It consists of Black Thursday (October 24, 1929), the initial crash and Black Tuesday (October 29, 1929), the crash that caused general panic five days later. The crash marked the beginning of widespread and long-lasting consequences for the United States. Though economists and historians disagree on exactly what role the crash had in the subsequent economic fallout, some regard it as the start of the Great Depression. Most historians, however, agree that it was actually a symptom of the Great Depression, rather than a cause. The crash was also the starting point of important financial reforms and trading regulations.
At the time of the crash, New York City had grown to be a major financial capital and metropolis. The New York Stock Exchange (NYSE) was the largest stock market in the world. The roaring twenties was a time of prosperity and excess in the city, and, despite warnings of speculation, many believed that the market could sustain high price levels. In the words of Irving Fisher, "Stock prices have reached what looks like a permanently high plateau."[1] The euphoria and financial gains of that great bull market were shattered on October 24, 1929, Black Thursday, when share prices on the NYSE collapsed. Stock prices fell on that day and they continued to fall, at an unprecedented rate, for a full month.
In days leading up to Black Thursday the market was unstable. Periods of panic selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. After the crash the Dow Jones Industrial Average (DJIA) recovered early in 1930, only to reverse again, reaching a low point of the great bear market in 1932. The market did not return to pre-1929 levels until late 1954,[2] and was lower at its July 8, 1932 level than it had been since the 1800s.[3]
“ Anyone who bought stocks in mid-1929 and held onto them saw most of his adult life pass by before getting back to even. ”
Nothing to fear just something that has been coming for a long time...i could be wrong!!
If it happens will it be an illuminati-orchestrated crash or an ascension-related crash...times are interesting, aren't they?
The $US index hit another new low close at 77.34:eek:
The $US DOW index (main index) went down big for the DOW:eek:
Index Value: 13,522.02
Trade Time: 4:07PM ET
Change: Down 366.94 (2.64%)
Prev Close: 13,888.96
Open: 13,888.47
Day's Range: 13511.94 - 13888.47
52wk Range: 11,881.30 - 14,280.00
Here is Wikipedia explanation of 1987:
http://en.wikipedia.org/wiki/Black_Monday_(1987)
In financial markets, Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) dropped by 508 points to 1739 (22.6%),[1] and on which similar enormous drops occurred across the world. By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, Spain 31%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%. (The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.)
The Black Monday decline was the largest one-day percentage decline in stock market history. Other large declines have occurred after periods of market closure, such as Saturday, December 12, 1914, when the DJIA fell 24.39%, ending the four month closure due to the outbreak of the First World War, and Monday, September 17, 2001, the first day after which the market was open following the September 11, 2001 attacks.
A degree of mystery is associated with the 1987 crash, and it has been labeled as black swan event.[2] Important assumptions concerning human rationality, the efficient market hypothesis, and economic equilibrium were brought into question by the event. Debate as to the cause of the crash still continues many years after the event, with no firm conclusions reached.
In the wake of the crash, markets around the world were put on restricted trading primarily because sorting out the orders that had come in was beyond the computer technology of the time. This also gave the Federal Reserve and other central banks time to pump liquidity into the system to prevent a further downdraft. While pessimism reigned, the market bottomed on October 20.
Here is Wikipedia explanation for 1929:
Wall Street Crash of 1929 - Wikipedia, the free encyclopedia
Wall Street Crash of 1929
From Wikipedia, the free encyclopedia
• Learn more about using Wikipedia for research •
Jump to: navigation, search
"Black Tuesday" redirects here. For other uses, see Black Tuesday (disambiguation).
Crowd gathering on Wall Street.
Crowd gathering on Wall Street.
The Wall Street Crash of 1929, also known as the Crash of ’29, was one of the most devastating stock market crashes in American history. It consists of Black Thursday (October 24, 1929), the initial crash and Black Tuesday (October 29, 1929), the crash that caused general panic five days later. The crash marked the beginning of widespread and long-lasting consequences for the United States. Though economists and historians disagree on exactly what role the crash had in the subsequent economic fallout, some regard it as the start of the Great Depression. Most historians, however, agree that it was actually a symptom of the Great Depression, rather than a cause. The crash was also the starting point of important financial reforms and trading regulations.
At the time of the crash, New York City had grown to be a major financial capital and metropolis. The New York Stock Exchange (NYSE) was the largest stock market in the world. The roaring twenties was a time of prosperity and excess in the city, and, despite warnings of speculation, many believed that the market could sustain high price levels. In the words of Irving Fisher, "Stock prices have reached what looks like a permanently high plateau."[1] The euphoria and financial gains of that great bull market were shattered on October 24, 1929, Black Thursday, when share prices on the NYSE collapsed. Stock prices fell on that day and they continued to fall, at an unprecedented rate, for a full month.
In days leading up to Black Thursday the market was unstable. Periods of panic selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. After the crash the Dow Jones Industrial Average (DJIA) recovered early in 1930, only to reverse again, reaching a low point of the great bear market in 1932. The market did not return to pre-1929 levels until late 1954,[2] and was lower at its July 8, 1932 level than it had been since the 1800s.[3]
“ Anyone who bought stocks in mid-1929 and held onto them saw most of his adult life pass by before getting back to even. ”