Let’s Close the Global Stock Markets, shall we?

On Black Monday in 1929 the stocks dropped 24 percent and at the lowest point the U.S. stocks had lost more than 80 percent compared to their highest point (recorded in Sept 1929). But it wasn’t until 1932 when it hit the bottom and it took 29 years (1958) for the stock market to climb back to pre-Depression level. It was better during 1974’s Great Bear Market when the U.S. stocks erased more than 50 percent off their peak but compared to 1932 Great Depression, the stocks this time fell gradually. Still with Black Monday, the 1987 crash sent the U.S. stock market down 20 percent but it recovered fairly quickly.