On Thursday morning, investors all email list over the country woke up to watch their stocks fall. This led to a massive selling frenzy. Again, margin calls were issued. Investors all over the country watched the ticker as numbers dropped, revealing their financial doom email list. By the afternoon, a group of bankers pooled their money to invest a sizable sum back into the stock market, thus relieving some panic and assuring some to stop selling.
The morning was traumatic, but the recovery email list happened fast. By the day's end, people were reinvesting email list at what they thought were bargain prices. 12.9 million Shares were sold on Black Thursday. This doubled the previous record. Then just four days later, on October 28, 1929, the stock market collapsed again. The Worst Day in Stock Market email list History Black Tuesday, October 29, 1929, was the worst day in stock market history.
The ticker become so overwhelmed email list with 'sell' orders that it fell behind, and investors had to wait in line while their stocks continued to fall. Investors panicked as they couldn't sell their worthless stocks fast enough. Everyone was selling and almost no one email list buying, thus the price of stocks collapsed. Instead of bankers email list attempting to persuade investors to buy more stocks, the word on the street was that even they were selling.