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It's Looking a Lot Like...The 1930s and 1970s were bad decades for U.S. stock market investors. Ditto for the 2000s. Therefore, it's interesting to see that the market's rebound (as measured by the S&P 500 index) is looking similar to rebounds after those bad decades. After steep initial rallies lasting about one year, the market treaded water for a time before eventually continuing on major bull runs. (Charts courtesy of the Chart Store). ![]() Time Magazine cover from September 6, 1982 shows further parallels to today...a surging stock market but concerns over the economy, which included double-digit unemployment rate as well as double-digit interest rates and inflation.
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Members LoginTo access all premium content, members login here Search EricTyson.comListen to Eric's SongPaul Shaffer (below left) and his David Letterman Band recorded Eric's song which was written by Rock & Roll Hall of Fame song writer Jake Holmes. |