stock market

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Stock market drop

Dad told me more than once, in a times-have-changed-for-the-worse manner:

When the stock market crashed in 1929, reporters at the Boston Globe cheered.

When it falls now [in specific reference to a 1970s or 1980s drop, I think] it is like a funeral.

I tried to point out that the aftermath of that stock market crash of 1929 was the Great Depression – the most recent big one of many in U.S. history, actually – and it hurt a lot more than just the rich.

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