The Stock Market Crash That Could Ruin Everything

The Stock Market Crash That Could Ruin Everything

The stock market had a 20% reset in April, which lasted only a few days, if even that. Recently, it has traded down only 7% for the year.  It has only been a quarter of a century since the last market wipeout. The Nasdaq dropped 75% from March 2000 to October 2002. Most of the reason was the .com companies had raised too much money as their losses mounted, and the value of their business models was viewed as unsustainable. Key Points The Marke…

The Banker Who Caused The 1929 Stock Crash

It was Oct. 24, 1929, and disaster had struck. When the market opened, stocks plummeted so fast the exchange’s ticker tape couldn’t keep up with the frenzy. The news was particularly dismaying to Mitchell. Renowned as the “ideal modern banking executive,” he had reshaped the very idea of American banking as head of National City Bank and helped fuel the 1920s bull market, which was now in jeopardy……..Continue reading…. By: Mark Dent Source: The …