FYI: Today in 1929:
The stock market hits its low for the year as the Dow slumps to 198.69, off from its yearly high of 311.90 on September 3. The carnage in individual stocks is far worse: AT&T closes at $197.25, down from $304 on September 3; General Electric ends the day at $168.13, versus $396.25; Westinghouse closes at $102.63, a loss of $187.25 per share since September 3.
Regards,
Ted
http://www.jasonzweig.com/this-day-in-financial-history/