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Black Thursday falls on a Friday: 79 years of Volatility til Reset

The global stock market recession celebrates the 79th anniversary of Black Thursday with extreme volatility (VIX) fear index highs, dow plunges, and more! Black Thursday, the day the initial stock market crash occurred, (although Black Monday and Black Tuesday get all the infamy), 1929, is often overlooked, because its effects werent felt until after the weekend passed. But since most people who stayed in the market thru the great depression, or the worldwide recession, did not get back to even until about 1954, a large portion of their lives was devoted to watching and waiting on some future point. Perhaps focusing on the present and the local is a good idea, as long as it doesnt involve isolationism, ala George Soros on the global economy. (and now, Henry Paulson?) Caveat Emptor, Caveat Emptor…. and if Black Friday Walmart trample deaths are an indicator, Black Friday shopping specials clearly arent much of a solution for all the Black Thursdays, Black Mondays, and Black Tuesdays combined.


October 24, 2008
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