Today marks the 95th anniversary of the most devastating stock market crash in US history; which ushered in the worldwide Great Depression.
But before the crash, there was great prosperity–at least on paper–as the market rose to new heights in the go-go roaring '20s, which was great, until suddenly; it all came tumbling down.
So, with the Dow hitting its highest point ever last week, closing at 43,275.91 on October 18, and still incredibly hot, though a bit lower today; we thought it might be a good time to get some perspective on stock market highs and lows, and what that might mean to the average investor.
Listen now, as Jeanne Destro talks about it with Kent State University Finance Professor, David Pelleg:
David Pelleg, Kent State University