Cover story
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[ MARKET CRASHES ]
Anthony Luzio guides you
through the five biggest market
crashes of the past 100 years
Crash
course
E
very market crash seems
unprecedented if it is the
first time you have seen
your investments plummet
by 40 per cent. But while the bad
news is that we are not out of the
woods yet, the good news is that
over the long term, the market has
always recovered. Below are the five
biggest market crashes of the past 100
years and, while we don’t yet know
whether our current predicament
will more closely resemble 1987 when
the market began to recover within
a matter of months or 1929 when it
didn’t bottom out for three years,
acquainting yourself with the crashes
of the past should hopefully help you
to get used to “the new normal”.
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