the asx in 1929 ... the real story

a lot of filthy downrampers have been comparing the Australian stock market to the DOW in 1929

the DOW fell 90% in 1929
australian equities fell 45% in 1929

We have now fallen more than 50%

so what does that tell you

this is taken off the RBA website



Peak to trough Duration
(per cent) (months)

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1973 –49 22
1929 –45 24
1987 –45 5
1981 –32 11
1970 –31 20
1951 –29 10
2007 –27 8
1937 –26 59

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Sources: ASX; Bloomberg; RBA

http://www.rba.gov.au/PublicationsAndResearch/StatementsOnMonetaryPolicy/Aug2008/list_of_tables.html#table_11