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1929
Crash
The 1929 Crash was a financial catastrophe which signalled the
end of the stock market mania of the 1920s. Many similarities can
be recognised in the mania of the 1920s and that of the 1990s. A
few examples:
- Wide spread if not rampant speculation in stocks.
- Broad participation in the stock market by the general population
who, on average, are disinterested in shares.
- A brazen disregard for traditional methods of share valuation.
- A surge in liquidity funded by debt rather than savings.
Given the striking similarities between the 1929 crash and that
of 2000, it would be foolish to expect the associated bust to be
dissimilar. Those armed with knowledge of the aftermath of the 1929
crash understand that the crash which heralded the beginning of
the new Millennium is far from over. The most destructive phase
of the Millennium Bear is still to come.
Do you know how to protect yourself from the
coming chaos?
Click here to boost your financial security.
Compare the 1929 crash with 2000.
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