Sentiment During Great Depression

**DAWG51** · 09-11-2009, 04:54 PM

Hey Fellow TSPers/Market History Buffs - Not sure where to post this question - This looks like a logical spot.

RE: Great Depression - After the initial market collapse in 1929 and then subsequent sharp rise - What was the sentiment? Similar to what we are seeing today? i.e - A mixed bag of "We have recovered; We are on the road to recovery; the market is going to go down further; and of course, the S&P is going to 300" TIA

**mayday** · 09-11-2009, 05:03 PM

Originally Posted by DAWG51

Hey Fellow TSPers/Market History Buffs - Not sure where to post this question - This looks like a logical spot.

RE: Great Depression - After the initial market collapse in 1929 and then subsequent sharp rise - What was the sentiment? Similar to what we are seeing today? i.e - A mixed bag of "We have recovered; We are on the road to recovery; the market is going to go down further; and of course, the S&P is going to 300" TIA

Yes but has the sharp rise stopped?

Perty gloomy outlook DAWG

**tsptalk** · 09-11-2009, 05:38 PM

Originally Posted by DAWG51

Hey Fellow TSPers/Market History Buffs - Not sure where to post this question - This looks like a logical spot.

RE: Great Depression - After the initial market collapse in 1929 and then subsequent sharp rise - What was the sentiment? Similar to what we are seeing today?

I wish we had sentiment data going back that far to check.

**Bullitt** · 09-11-2009, 06:39 PM

I know what you're saying Dawg, but there really isn't much to go by back then besides newspaper articles since there was no VIX or P/C Ratio, or even better, the TSPtalk Sentiment Gauge!

Here is a link to some old news articles from The Times when the panic first hit. Not much different from today.

http://www.nytimes.com/library/finan...929-crash.html

LOL, thought this was an interesting headline from Nov 1st, 1929. Was the worst really over?

Stocks Up Again on Floods of Buying; Discount Rate Cut Here and in London: Back to Normal, Reserve Board Finds

**tsptalk** · 09-11-2009, 07:00 PM

Very interesting. I am amazed / impressed to see that old newspaper articles have been converted to electronic formats. That is great. But is that a Bush bashing article in the NY Times in 1929?

**DAWG51** · 09-11-2009, 07:25 PM

Stocks Up Again on Floods of Buying; Discount Rate Cut Here and in London: Back to Normal, Reserve Board Finds

Thanks for the input. It feels like we are approaching the 1929 post-crash newsline from above.

Yep, if you look close in the fine print, there is an article that says Bush caused the Great Depression (and caused my toilet to overflow this morning!).