As we watch tech push higher again, it is important to keep in mind a significant event that occurred on July 1st in market history. Many analysts are comparing this current market to previous “bubbles” and eras where indexes hit repeated new highs. But all rallies aren’t the same and things were different when this landmark event occurred. At the time of this major trading milestone, one of the top gurus was selling a trading course and advance calculator for the price of the average house. Can you guess what happened on this day?

It was 1932 and the height of the great depression. Legendary trading author W.D. Gann was offering his courses for $1500 and his advanced calculator with his course for $5,000–which was the average price of a home at the time. On July 1st, 1932 the combined value of the NYSE hit a low marking the end of the crash.

Lucky for us, trading is much more accessible these days and it doesn’t cost a mortgage to learn how to trade.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily