The U.S. stock market has a hundred years of history, with four major crashesโ€”each one unforgettable.



๐Ÿ“‰ 1929 Black Monday

The Dow Jones fell from its peak down to the bottom, and 90% vanished. Back then, everyone borrowed money to trade stocks; then the Great Depression arrivedโ€”banks failed, and everyone lost their jobs. The Dow Jones took a full 25 years to climb back to its previous high.

๐Ÿ“‰ 1978 Black Monday

It fell 22.6% in a single day. Programmatic trading, overvalued stock prices, and trade deficits piled on top of each other, wiping out retail investorsโ€™ life savings.

๐Ÿ“‰ 2000 Dot-com Bubble

The Nasdaq index dropped 78%. Back then, even any website dared to go public. When the bubble burst, countless companies disappeared, and retail investors were left with nothing. It took 15 years for the index to climb back to its previous high.

๐Ÿ“‰ 2008 Subprime Mortgage Crisis

Lehman Brothers collapsedโ€”like a financial earthquake. The Dow Jones was cut in half, down 54%; major institutions fell one after another, and a global economic recession followed.

โš ๏ธ History tells us this: when the market is soaring, it can be how lively it is; but when it collapses, itโ€™s how brutal it is. Before every plunge, there is always the optimism of โ€œthis time is different.โ€

๐Ÿ’ก The truth of financial markets is very simple: economic cycles donโ€™t change, and human natureโ€™s greed doesnโ€™t change. Stay clear-headed during the frenzy of a bull market, and hold firm when a bear market is falling.
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