RE:RE:This too shall pass The 1929 crash was monumental and why the FED dropped their pants on rates in 2020 to ward off a 20's style market repeat as litterally global commerce came to a screeching halt. Unprecedented. On the other hand, the FED of the 20's-30's made crucial mistakes, lessons learned by modern day FED officials that prevented an economic depression a century later.
It's also worth noting the level of market expansion and specualion during the 20's that magnified the selloff. The roaring 20's... "roared". From the bottom in 1921 to the peak in 1929, the DJ went up almost 6x... in only 9 years! So obviously, the selloff was very dramatic and the recovery long and painful.
By comparison, from the low of the GFC in 2009 to today (14 years later), the DJ has gone up just over 3x or just under half of the gains of what went on during the crazy 20's where market speculation was far more rampant and a weaker FED in oversight.
In short, I don't see today repeating the 20's. Covid still lingers as an actual disease and an economic recovery is still in the balance, but I put my faith in the FED that they are doing the right thing even if they are in a tight corner right now.
We will get through this.... again.