That's in inflated dollars; here's real market cap growth:
Apparently there's either a lot more to this than meets the eye or a lot less to this than meets the eye. Let me know if you want the numbers but it seems the last real $ dip was '89 - '97 and it was about the same % drop scale as the current one that began seven years ago. Somehow I don't remember the early '90's as being so bad....
hmmm. Total real market cap. was steady thru both the stagflation chaos and the dot.ocm bust. Where we actually saw hits began in ‘88 and ‘08 —right after the S&L mess and the sub-prime crash. Market cap. dips went both times w/ serious asset crashes....