78 Years Ago Today: The New Yorker

I was kicking around the New Yorker cartoon bank when I stumbled across this interesting New Yorker August 31, 1929 cover print by Theodore G. Haupt (98 78 years ago today!)

After an amazing five-year run that saw the Dow Jones Industrial Average (DJIA) increase in value fivefold — far more than the run from 2003 til now — prices peaked at 381.17 on September 3, 1929, about the time when this cover came out:

Theodore_haupt_cover

>

Remember, the real mayhem wasn’t until a few months later — Black Thursday, the initial crash was on  October 24th, 1929, and Black Tuesday was 5 days later — October 29th, 1929.

~~~

UPDATE:  August September 1, 2007 7:55am

Doh! So much for 14 years of applied mathematics!

I blame fat thumbs on that one — either that, or smoking way too much dope in college . . .

~~~

UPDATE:  September 2, 2007 7:15am

Oh, and speaking of innumeracy . . .

 

Category: Financial Press, Markets

Major Policy Shift — or Politics as Usual?

Category: Credit, Federal Reserve, Financial Press, Fixed Income/Interest Rates, Politics, Psychology, Real Estate

Yahoo! Message Boards

Category: Corporate Management, Web/Tech

Eric Bolling Bolts CNBC’s Fast Money for Fox?

Category: Financial Press, Television

ISI’s Ed Hyman: Slowing, but “No Recession” Forecast

Category: Economy, Financial Press, Television

Forex Trading Show

Category: Currency, Finance, Trading

A Historical Perspective of Recent Bear Markets

Category: Investing, Markets, Psychology, Technical Analysis

Overcompression

Category: Corporate Management, Digital Media, Music, Technology

Blogrunner

Category: Financial Press, Web/Tech, Weblogs

Wall St.net Podcast

Category: Podcast, Web/Tech, Weblogs