本帖最后由 TXK 于 2009-10-13 23:05 编辑
Thanks fro sharing. The Oct. still has 16 days left, and the pull back could be at any day, even at the end of Oct. The following paragraph is from Dow Knowledge.
"On Oct. 28, 1929, The Wall Street Journal's main headline announced that the ''Industrials'' were ''off 38.33.''(DOW down by 38.33 points) The next day, they fell another 30.57 points. (Those two plunges, of 12.82% and 11.73% respectively, remain the second-highest and third-highest of all time in percentage terms, behind the record 22.61% crash on Black Monday, Oct. 19, 1987.) In six days, the industrial average lost more than 96 points, nearly 30% of its value."
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October 24, 1929 - Black Thursday
The stock market really crashed over a period of five days. The first sign of trouble was on Black Thursday - October 24th, 1929. At that time, the stock exchange typically traded around 4 million shares each trading day. But on Black Thursday, a record 12.9 million shares were exchanged.
The systems for tracking the market prices could not keep up with the trading volume and that may have contributed to panic selling on that day. At one point, ticker tapes were running nearly 90 minutes behind the market. By the end of the day, the market had fallen 33 points or around 9%.
October 28, 1929 - Black Monday
Following Black Thursday, the market bounced back a bit on Friday. This lead to a sense of security over the weekend as investors felt the market could rebound. However, market conditions quickly deteriorated again on Black Monday - October 28th, 1929 - and high trading volumes once again put pressure on the flow of information.
On Black Monday, trading volumes were near 9.25 million shares and market confidence declined sharply. By the end of the day, the market was down another 13%.
October 29, 1929 - Black Tuesday
Black Tuesday - October 29th, 1929 - is that day that most historians agree dealt the final blow to the Roaring 20s and was the starting point of the Great Depression. On Black Tuesday, a record 16.4 million shares changed hands. The ticker tape machines fell behind by nearly 3 hours. With all hopes of a market recovery now gone, panic selling continued and the market fell another 12%. |