Couple things....

1. The FED began cutting off QE aka Bond-Buying to the tune of $15 billion per month and raising interest rates to combat inflation... A stock market slow down should've been expected.

2. From Oct 2007 to Feb 2009 the Dow Jones Industrial Average went from 14,000 - 7,000.
So that's a roughly
~50% decline over a ~1.25 year span.

3. The 2020 Covid crash was a
~30% drop in ~ 1 month span.

4. From the recent peak we had until now, we're looking at
~10% decline over 5 months.

So..
Idk exactly how it compares to 1923 but in context of what has happened wayyy more recently..... what is happening right now as far as the Dow seems kind of meh tbh.