Stats › Bear markets and drawdowns › 1929 crash
The Dow fell 89% and did not recover until 1954
From 381.17 to 41.22 and back. The recovery took longer than the entire history of the index up to that point. Source: Federal Reserve History.
The Dow peaked at 381.17 in September 1929 and bottomed at 41.22 in July 1932, a fall of about 89%. It did not regain that level until November 1954, more than twenty five years later. The famous October panic days were nowhere near the low.
381.17Dow peak, Sep 1929
41.22Dow trough, Jul 1932
about 89%Total decline
23 Nov 1954Back to the 1929 high
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