Welcome to Historical Data, from here you can subscribe on-line for historical data products provided by HKEx. Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Black Monday was followed by Black Tuesday (October 29), in which stock prices collapsed completely and 16,410,030 shares were traded on the New York Stock Exchange in a single day. The rule of 72 says that if inflation is N%/year, prices will double in approximately 72/N years.
Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. Then, once competitors were hurting, they bought them out, and then raised product prices higher than ever before.
The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. The OTCBB is a United States quotation medium used for many over-the-counter equity securities that are not listed on the NASDAQ or other national stock exchanges. According to the Securities and Exchange Commission (SEC) fraudsters often claim or imply that an OTCBB company is a NASDAQ company to mislead investors into thinking that the company is bigger than it is. Trusts were created by big business as corporations, to manage the stock of cooperating corporations.
Stock of non-reporting companies (those without current SEC filings) may be quoted in the Over-the-Counter Markets or Pink Sheets” as they are usually known as. Most OTCBB companies are dually quoted, meaning they are quoted on both the OTCBB and the Pink Sheets”. A stock promoter is basically someone who promotes a stock, ultimately attempting to persuade others to purchase it so that its share price increases.
Stocks traded in the Pink Sheets” are usually lightly traded microcap/penny stocks, and both retail and institutional investors usually avoid them, because of fears that share prices are easily manipulated and therefore a potential for fraud exists. Stock promoters used to rely on cold calling on prospective investors but now mainly use the Internet, which provides for a much more efficient method of promoting a stock to a wider audience.