Saturday, October 25, 2008

Lessons from 1929 stock crash

Oct. 24 - Analysts say investors had better beware false rallies like the one that occurred after the 1929 stock market crash.

The Dow rallied 24 percent over the next five months following the stock market crash, only to turn south again. Stocks fell 89 percent from their peak. Fred Katayama reports from New York.

SOUNDBITES:
# Philip Roth, chief technical market analyst, Miller Tabak
# Sam Stovall, chief investment strategist, Standard & Poor's

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