Stock Markets Exposed

Which Stock Market crash really was worst? 1929 or 1987?

In 1929 we never recovered and entered a great depression On Black Monday October 19th 1987 we lost 509 points and it is said only computers saved us in the days to come. But which was the biggest hit? i am curious in points how hard was the Dow Jones hit in 1929

Public Comments

1. are you for serious? 1929. consider the effects.
2. 1929 def, pretty much all the stocks lost all their value at once
3. 1929. the over production of goods lead to a wide scale of unemployment that time in america. it hit hard that US signed contracts to its colonies that they will set up a commonwealth government and at its end, they will free the colonies.
4. The Great Depression (1929) was the worst crash. It caused mass unemployment, and worldwide panic. People starved. In Australia, people used to go to the police station and say "I saw a wounded cow on the side of the road" and they'd be given two bullets to 'put it out of it's misery'. The police would then hand over two bullets. There was an unspoken understanding in rural communities with the police that they would shoot wild animals (roos, wallabies etc) to eat. I didn't hear of anyone starving to death in 1987.
5. 1929 was far worse. In 1987 I was fully invested in the markets. I was on a fishing trip and found out about it when i returned a week later. I did nothing. A few months later the dow took off and never looked back. I made money after the 1987 crash. In 1929 only a very few were able to get away without losing everything. There just weren't any of the fail safe systems in place in 1929. Everyone is looking for a huge market correction shortly. Not because of high valuations but because they think it should. There were warnings about the dollar, trade, housing, and employment but the fed continued to heed the president and keep the money supply high so the market wouldn't tank. So it might be tough for awhile, but there are still stocks that will win. Mainly overseas. But they might bail out the U.S. Why? the world markets follow the U. S. China is hugely invested in our country staying afloat. What will happen? Pays your nickle, takes yer cherce. I lost money from 2000 to 2002 because of a woman. There. That says it all.
6. 1929, obviously. You should try reading The Grapes of Wrath by Steinbeck
7. 1987 was actually a worse crash. More market value was wiped off faster then had ever happened before. We recovered pretty quickly though. The Crash of 1929 took years to recover from. The slide did not stop until 1932 and the market lost 89% of its value. In fact the market only got back to pre-1929 levels in 1954!!!!!