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Stock market crash - Black Thursday / Black Tuesday - October 1929
On this page you will find charts, which are illustrating the trends of important market indicators during the stock market crash of 1929 (including the special event days in October 1929: "Black Thursday" - 24.10.1929 and "Black Tuesday" - 29.10.1929).
Please refer also to our most often visited web pages:
- Current stock and bond market timing signals indicating the actual weekly trading positions of our stock and bond trading systems - switching systematically between a full investment position (buying stocks or bonds) and a cash position.
- Current stock market risk indices indicating the actual weekly risk of global and regional stock market investments on an aggregated basis in percentage points.
1. Peak - 03.09.1929:
In 1929 the Dow Jones Industrial Average (DJIA)© Index peaked on 03.09.1929 at the close of 381.17 points.
During the 1920s ("Roaring Twenties") the DJIA© gained +496.51% from its decade low on 24.08.1921 (= 63.90 Points).
2. Black Thursday - 24.10.1929
On Black Thursday, 24.10.1929, the Dow Jones Industrial Average (DJIA)© Index lost 2.09% accompanied by a record trading volume of 12.90 Mio. shares at the New York Stock Exchange (NYSE)©.
The day before the DJIA© had already lost 6.33% - Traded volume at the New York Stock Exchange©: 6.37 Mio. shares.
From the record close on 03.09.1929 (= 381.17 points), the DJIA© had already lost 21.43% on the close of Black Thursday (= 299.47 points) during the first selling flood in September and October of 1929.
3. Continued selling - 28.10.1929
Over the weekend (26.+27.10.1929) the ongoing stock market slide (amounting to approximately 20% from its record peak) during September and October 1929 were dramatically and nervously highlighted by newspapers.
On Monday, 28.10.1929, the DJIA© lost 12.82% (a record one-day loss!) - Traded volume at the NYSE©: 9.21 Mio. shares.
4. Black Tuesday - 29.10.1929
Five days after Black Thursday on Black Tuesday, 29.10.1929, the Dow Jones Industrial Average (DJIA)© Index lost 11.73% accompanied by a another record trading volume of 16.41 Mio. shares at the New York Stock Exchange (NYSE)©.
From the record close on 03.09.1929 (= 381.17 points), the DJIA© had already lost 39.64% on the close of Black Tuesday (= 230.07 points).
5. Interim Bottom - 13.11.1929
The first selling wave ended on 13.11.1929 with the DJIA© at a close of 198.69 points. From the record close on 03.09.1929 (= 381.17 points), the DJIA© had already lost 47.87% on this interim bottom in November 1929.
6. Recovery peak - 17.04.1930
The stock price recovery in the period from 13.11.1929 to 17.04.1930 brought the DJIA© back to the level of 294.07 points. Still a loss of 22.85% from the record close on 03.09.1929.
7. Ultimate low - 08.07.1932
The following multi-year stock price slide down to the ultimate low of this crash period brought the Dow Jones Industrial Average (DJIA)© Index back to 41.22 Points - a whopping loss of 89.19% from its record peak on 03.09.1929.
The US stock market (benchmark: Dow Jones Industrial Average (DJIA)© Index):
The Dow Jones Industrial Average (DJIA)© index climbed to an all-time high on 03.09.1929 (Close: 381.17).
34 months later (08.07.1932) the DJIA© was at 41.22 (-89.19%).
The Dow Jones Transportation Average (DJTA)© index climbed to an all-time high on 03.09.1929 (Close: 189.11).
34 months later (08.07.1932) the DJTA© was at 13.23 (-93.00%).
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