The Wall Street Crash:After the Massacre of the Innocents

On Monday, October 28, 9,212,800 shares changed hands. The New York Times Values ​​Index is down 49 points.
The fall on this day alone is greater than that recorded throughout the previous week. Once again, the ticker leaves millions of people in the dark who don't know exactly what is going on, other than that things are going badly.
We are waiting for a new intervention from the bankers' union . She won't come. How, indeed, could support, organized or not, put an end to this sales frenzy that has taken hold of everyone? A meeting is however held from 4:30 p.m. to 6:30 p.m. at the Morgan bank. The bankers told the press:“There are encouraging elements in the situation. "
But, the "longest day" in the history of this crisis is the next day, Tuesday. During the day. 16,410,000 shares are thrown on the market This time, it's disaster and panic sets in.
If the previous week had seen "slaughter of the innocents", now it's the turn wealthy people, businessmen and professionals, to have the bitter experience of egalitarianism. The bankers meet several times during the day, but without result. On that day, their prestige was even lower than the prices.
What best characterizes the 1929 crisis are the ups and downs it experienced, its ups and downs . went from hope to despair. And even on October 30, we did not hit bottom, the decline will continue in the weeks and months to come. The New York Times Value Index, which had fallen to 2 on November 13, will be at 58.46 on July 8, 1932!
The problem of whether a crisis comparable to that of 1929 could happen again can be posed. The hypothesis cannot be ruled out. If history never repeats itself in exactly the same way, we can't swear to anything. But the day important people start to explain that this can't happen because conditions are "fundamentally sound there will be cause for concern...