Market volatility persisted from "summary" of The Great Crash 1929 by John Kenneth Galbraith
The characteristic of market volatility persisted is particularly notable during the time surrounding the Great Crash of 1929. In the weeks leading up to the crash, the stock market experienced wild fluctuations in prices, with rapid increases followed by sudden drops. This volatility was driven by a variety of factors, including speculation, margin trading, and investor sentiment. Despite attempts by policymakers and market participants to stabilize prices, the market remained highly unpredictable. Investors found themselves on an emotional rollercoaster, as they tried to navigate the turbulent waters of the stock market. The prevailing sense of uncertainty only served to exacerbate the volatility, as panic selling and irrational exuberance became the norm. The persistence of mar...
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