figure from the peak in 1929 to the bottom ( I think 1934) the market fell some 80%......in today's terms means a dow of 2,200
take the Japanese example their broad market hasd never reached its peak some 13 years later.
look to the 1958-1979 period in US history, dow reached 1,000 in 1968 (and again in 70 or 71) it then dropped for 4 1/2 brutal years finally finding a bottom in 1975 at 1/3 its peak level..........in today's terms.....Do 3,650....
the buy side knows these terrifying stats......and every one 'playing the market' should too
You are so right. I just read that we really need to study the historical aspects of the Markets. You just confirmed what I read. Thanks! Education regarding this is essential.