Stock Market Performance During the Great Depression
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Many people point to the US stock market performance after the 1929 crash as evidence that stocks can go nowhere for decades. The argument usually points to the chart below, which shows the Dow Jones Industrial Average failing to retake its August 1929 peak until November 1954. In other words, people make the argument that someone investing in US stocks at the 1929 peak would have had to wait until November 1954 just to break even.
Stock Market Performance During the Great Depression
Stock Market Performance During the Great…
Stock Market Performance During the Great Depression
Many people point to the US stock market performance after the 1929 crash as evidence that stocks can go nowhere for decades. The argument usually points to the chart below, which shows the Dow Jones Industrial Average failing to retake its August 1929 peak until November 1954. In other words, people make the argument that someone investing in US stocks at the 1929 peak would have had to wait until November 1954 just to break even.