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A new upswing in DJIA stocks then started immediately, as did a general business recovery.
A new upswing in DJIA stocks then started immediately, as did a general business recovery.
Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a [[depression]] simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37. <ref>Harry Schultz, ''Bear Market Investment Strategies'', Dowe Joned-Irwin Co., 2002.</ref>
Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a [[depression]] simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37. <ref>Harry Schultz, ''Bear Market Investment Strategies'', Dow Jones-Irwin Co., 2002.</ref>
==Refereences==
==Refereences==