{"id":3134,"date":"2008-10-24T11:23:17","date_gmt":"2008-10-24T18:23:17","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=3134"},"modified":"2008-10-24T16:22:59","modified_gmt":"2008-10-24T23:22:59","slug":"comparing-past-market-crashes","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/10\/24\/comparing-past-market-crashes\/","title":{"rendered":"Comparing Past Market Crashes"},"content":{"rendered":"

Since the stock market is all over the news again today, I thought it would be interesting to look at some past stock crashes and see how the current one compares.<\/p>\n

In the chart below I have graphed the crashes of 1929, 1973, 1987, and 2001 alongside the current fall, with the peak points aligned near the left. Each crash is scaled on the y-axis to show the percent of the peak Dow Jones price.<\/p>\n

\"Dow<\/a>
\nClick to enlarge<\/a><\/p>\n

Yesterday’s close was 380 days after the recent 2007 peak in the Dow. Here is the total drop 380 days after peak for each crash above:<\/p>\n

1929: 38.6%
\n1973: 18.3%
\n1987: 24.2%
\n2001: 13.6%
\n2007: 38.6%<\/p><\/blockquote>\n

Will the current crash play out over the next two years more like 1987 or 1929?<\/p>\n

Update:<\/b> Updated the chart to reflect today’s close. The Dow has now fallen further in the current crash (40.8%) than it did in the same length of time from the peak in 1929 (39.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Since the stock market is all over the news again today, I thought it would be interesting to look at some past stock crashes and see how the current one compares. In the chart below I have graphed the crashes of 1929, 1973, 1987, and 2001 alongside the current fall, with the peak points aligned…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[403,344,108,271],"coauthors":[],"class_list":["post-3134","post","type-post","status-publish","format-standard","hentry","category-stats","tag-depression","tag-dow-jones","tag-recession","tag-stock-market"],"yoast_head":"\nComparing Past Market Crashes \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/10\/24\/comparing-past-market-crashes\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Comparing Past Market Crashes \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Since the stock market is all over the news again today, I thought it would be interesting to look at some past stock crashes and see how the current one compares. 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