The Impact Of The Recent Financial Crisis On 401(k) Account Balances
A stock market crash is a rapid and often unanticipated drop in stock prices. It is also clear that the decline in stock prices after mid-1930 was even more dramatic than the falls during the Wall Street crash. In 1929 the Dow Jones Industrial Average (DJIA)© Index peaked on 03.09.1929 at the close of 381.17 points. If you sold up every time you read how some pundit is predicting a crash — especially when it’s someone you’ve never heard of before — you’d be poor and your broker would be rich with the commissions you’ve paid. For Carla Due (right…