Fastinating. I can see why folks in Sept. ‘29 still thought market prices would continue to recover only to get hit with a 50% drop in October. Many people don’t realize that from ‘29 to ‘33 stocks lost 90% of their value!
(from here). It's the scale --since May 2012 we haven't had the 100% runup that there was in '28 and the beginning of '29.