Some headlines after the crash and during the 50% rally during the Great Depression before the markets headed to new lows and disaster hit. Thought you guys might find it interesting. January 13, 1930 âReports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today.â â News item. January 21, 1930 âDefinite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction.â â News dispatch from Washington. January 24, 1930 âTrade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast.â â New York Herald Tribune. March 8, 1930 âPresident Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days.â â Washington dispatch. May 1, 1930 âWhile the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States â that is, prosperity.â â President Hoover June 29, 1930 âThe worst is over without a doubt.â â James J. Davis, Secretary of Labor. August 29, 1930 âAmerican labor may now look to the future with confidence.â â James J. Davis, Secretary of Labor.