Black Monday, October 19, 1987, is usually sited as the largest one-day percentage drop in the Dow Jones Industrial Average (DJIA) at 23%. However, the two-day loss of October 28-29, 1929 was also 23% (1). Of course trading systems were much slower in 1929. And the DJIA kept going down after the crash in 1929, not reaching bottom until July 8, 1932 (2).
Barron’s October 15, 2007 issue contains a good article comparing the market in 1987 with today, but it doesn’t look back to 1929. And it doesn’t mention that a major problem with the Internet could prove disastrous.
References:
(1) Irrational Exuberance by Robert J. Shiller (Princeton University Press, 2000)
(2) 1929: The Year of the Great Crash by William Klingaman (Harper & Row, 1989)
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China and Japan are dumping their dollars. This could be an action in an unannounced but already current WWIII. Bombing a few parties may be a necessary move to ward off an economic "defeat" by our enemies. I knew the draft was coming. Good. Maybe the Army will make men out of my spoiled grandsons. Remember, Japan was a vicious enemy in WWII and many Japanese harbor plenty of undercover anti-American sentiment. Aum Shinriko has been working with the Red Chinese on some projects (an oriental H.A.A.R.P. for one). Just as we had to crush Germany twice, we may have to do the same with Japan. I lived in Alaska during the Salmon Emergency caused by the Japanese and have seen the naked hate in the eyes of some of the Japanese (I lived in Japan for some years and can "read" them). They cannot be trusted.
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