Dow Over 21,000 Points for First Time; are we headed for another Crash like 1929?

JD Thu, 03/02/2017 - 09:25

Investors Love Trump, Pushing Dow Over 21,000 Points for First Time

Investors reacted positively from President Donald Trump’s Tuesday night address to Congress, pushing the Dow Jones industrial average above 21,000 points Wednesday for the first time in its history. Banks, financial institutions, companies in the energy and materials sector saw huge gains as Trump reaffirmed during his speech his plans to cut taxes and push for other business-friendly policies.

http://www.breitbart.com/news/us-stocks-surge-in-early-trading-dow-cross...
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Stock Market Crash of 1929 Facts
March 1929 - The Dow dropped, but bankers reassured investors.
August 8 - The Federal Reserve Bank of New York raised the discount rate to 6 percent.
September 3 - The Dow peaked at 381.17. That was a 27 percent increase over the prior year.
September 26 - The Bank of England also raised its rate to protect the gold standard.
September 29, 1929 - The Hatry Case threw British markets into panic.
October 3 - Great Britain's Chancellor of the Exchequer Phillip Snowden called the U.S. stock market a "speculative orgy."
October 4 - The Wall Street Journal and The New York Times agreed with Snowden.
October 24 - Black Thursday.
October 28 - Black Monday.
October 29 - Black Tuesday.

https://www.thebalance.com/stock-market-crash-of-1929-causes-effects-and...

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