Friday, October 10, 2008

1929 to 2008 Stock Market Crash Comparison

Click Here for an updated version of this blog

It seems everyone is comparing our current financial crisis to the Great Depression. I thought I would compare this stock market "crash" to the one in 1929. Basically I found the day that stocks (Dow Jones Industrial) dropped to 80% of a recent high (October 24, 1929 and Oct 7, 2008). These are day 0. The bottom axis is relative to these days so that we get a good overlay.

The 100 day view shows that the two track closely. The 3 year view shows that this might take a while. (Click on images to see larger graph).

Updated December 5, 2008. Now using two axes to display actual dollar values.
An alternate viewpoint here

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