Page 4 - IP2A 012 Black Monday

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.