Mar 13, 2020
February came to an end with significant drops in the stock market as fear over the Coronavirus grew in our country. It’s bounced back some, but the big swings have made many investors worry that a crash might be coming. Let’s take a step back and gain perspective by revisiting the worst market crashes of all-time.
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Today's rundown:
0:40 – Fun Fact of the Week: An average of 100 people choke to death on ballpoint pens each year. Will that be topped by the Coronavirus?
1:40 – Quote of the Week: “You know you’re ready to retire when getting lucky means finding your car in the parking lot.”
2:50 – History lesson: 158 years ago, the government issued its first paper currency - $5, $10 and $20 went into circulation.
4:45 – On to the main topic. What’s going on in the market today and how does it compare to past crashes?
5:19 – Black Tuesday in 1929 led to the Great Depression.
6:46 – This one took 15 years to bounce back.
7:51 – Black Monday in 1987. The Dow dropped 22.9% in a single day.
9:15 – The Dot Com Crash
11:22 – September 17, 2001 when the market opened back up for the first time after 9/11.
13:20 – We’re talking about this to give you perspective on the current market?
14:14 – The crash of 2008
16:17 – So when is the next one and is your plan prepared for it?