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 below), the stock market crash had a very personal impact She had just emigrated to Nebraska from Denmark a few months before the crash. The final question we investigate in this paper is whether the changes brought by the stock market crash are close to what one would predict by …