This bear market took a week to develop. The crashes of 1929 and 1987 happened i... | Hacker News

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		ajross on Dec 26, 2018 \| parent \| context \| favorite \| on: Behind the Market Swoon: The Herdlike Behavior of ... This bear market took a week to develop. The crashes of 1929 and 1987 happened in a day. I don't think that point holds.

bboreham on Dec 26, 2018 [–]

Which particular day in 1929 are you thinking of?

October 24 - 11% drop, followed by some recovery. October 28 - 13% drop October 29 - 12% drop

The lowest point in 1929 was reached on November 13. The bottom of the crash was on July 8, 1932.

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