This country is fundamentally sound. At any rate, it now looks as though the bottom of the market had been found and many are taking advantage of the opportunity to come back and invest again.
Irving Fisher, a leading economist at the time, tried to reassure a nervous United States regarding several “Black” days of stock market decline in October 1929. Unfortunately, Fisher’s comfort didn’t last long as the market fell 12% 90 years ago yesterday on Oct. 29, 1929, which has come to be known as Black Tuesday, and continued on to lose 84% of its original value in the following three years of The Great Depression. (NPR – October 29, 2019)