VERY MISLEADING!
The 1928-29 chart has a low of 200 and a high around 380. The market lost nearly half its value,
The 2014 chart has a high of 16,400 and a low of 12,400, or about 1/4 value lost, if we draw the lines in parallel.
Very true. A drop to 13,000 (interpolating from the chart as the bottom) would be an 18.6% drop of where we are today (15,980). Nowhere near 50% but a significant decline from today. Average market “correction” is 10%.
Yeh, but GLOOM DESPAIR AND AGONY gets more page hits than reality.I’ve learned to take any gloom-and-doom story, especially economic ones, with about ten tons of salt. Economic forecasts are like weather forecasts - a giant crap shoot.
Come on now, don't be confusing people with the facts. People wanna panic.
Exactasmurfly.
Time fibs and absolute level fibs can be in different ranges.
In other words, the different absolute ranges over one year in itself is not misleading.