Page 3 - IP2A 012 Black Monday
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having gained 500% in the six
preceding years. It had been a
long ‘bull market’, and perhaps a
market correction was overdue.
We now know that when stock
markets inflate dramatically, they
are likely to gap back almost
as quickly. However, on Black
Black Thursday, October 24, Thursday it took everybody by
1929 – it was a prelude to the surprise. The stock market had
Great Depression. Until then shed 11% of its value by the time
stock markets were strong, the closing bell rang.
