Keep in mind that within 7 months of the’29 crash the market had regained 80 percent of it’s pre crash value
How dare you post positive news
“Keep in mind that within 7 months of the’29 crash the market had regained 80 percent of it’s pre crash value”
that’s for that bit of information ... i personally think there are amazing bargains to be had right now, babies thrown out with the bathwater; example: RDSB/A selling below its 26 year low, and a little over 1/4 of its 26 year high and with a trailing dividend yield ...
i also suspect that as high throughput testing gets underway, we’re probably going to see that hundreds of thousands of us are walking around with covid-19, and therefore medical authorities will be able to determine the true mortality and hospitalization rates ...
assuing we find out that there’s not going to be a “surge” that will overwhelm our medical system and that it’s pointless to quarantine most people anymore because way too many cats are out of the bag anyway, we can stop all of this nonsense and get back to the business of business ...
it dawned on me thsat the above MIGHT be what President Trump is really thinking when he keeps saying “we’ll see what happens in 14-15 days” and “the economy will come back very quickly” ...
IF the above is true, then the stock market will indeed explode almost overnight in a couple of weeks or so, so now (or very soon) would be the time to buy back into the market in a once in a lifetime opportunity for those with brave enough to do so ...
And took twenty five (25) years to break even again.
It permanently scarred people’s willingness to invest. Risk tolerance was low. Even banks failed, there was no FDIC - people lost everything overnight. So people started dipping their toes back in, people with risk tolerance, though usually only stocks that paid a nice dividend. My grandmother was horrified by the depression, she came from a family that didn’t have it so great even before. She received some nice stock tips from a family friend and bought some nice companies in the 1950s and did pretty well.
Another thing to consider, the currency or money was as “good as gold” or near enough, compared to the ersatz confetti that passes today. Normal interest rates of 4% to 5% are but a distant memory, but a lot of people were satisfied with a guaranteed return. Not everyone is suited for the stock market.
Hell, the fvcking CNBC anchors were demanding the whole thing be shut down last week! Yeah - not a peep the last 10 years when it trebled.
As long as Biden (and his minders) doesn’t get elected President we should be okay.