From 1921 to 1929, the Dow Jones Industrial Average jumped sixfold. As of 2026, it’s just under 2.5 times higher than the recent low in 2020. If you consider 2022 to be the most recent crash, it’s less than double.
Compared to the period before the Great Depression, the current market isn’t exactly awash with cash right now. Although many critics cite the Great Depression, they overlook the roaring 1920s.
All in all, if there is a crash in 2026, it will likely be no worse than the Lehman Shock or Great Recession in 2008.
macrotrends.net dow-jones-100-year-historical-chart
around 2026
(bottom: 18,591.93 in March 23 2008)
(top: 51,561.93 in June 4, 2026 as of today)
around 2008
(bottom: 7,286.27on Oct 9. 2002)
(top: 14,198.10 on Oct. 9, 2007 )
(bottom: 7,442.29 on Nov. 20, 2008)
around 1929
(bottom: 63.9 on Aug. 24, 1921)
(top on 381,17 on Sep. 3, 1929)
(botto: 41.22 on July 8, 1932)
