The bubble burst on that day and though things would level off a bit on Friday, the market again went into free fall when it opened on Monday, October 28. The next day would become known as Black Tuesday when the market lost 11 percent of its value immediately upon opening. The rest is Great Depression history.
It’s curious then to note an article in the December 30, 1928 issue of the Ogden Standard-Examiner from Ogden, Utah which foresaw a different vision for 1929.
With the headline “Prosperity Paramount in 1929 Astrologers Forecast” the newspaper printed the predictions of astrologers from the year 1928 who insist that, though 1929 might start out a bit rocky — continuing the normal run of disasters, fears and everyday awfulness which have plagued humanity since the dawn of time, I suppose — it will be remembered as a year of prosperity for all.
Whoops! [Maxwell Smart] Missed it by that much! [/MS]