History in the Making

One of the worst bear markets since the Great Depression started in 1973. The stock market was pummeled as DJIA fell 45% during 18 month period ending 1975. However, the DJIA did not recover to its 1973 high until ( you guessed it) 1982. The period from 1973 to 1982 had the hallmarks of tough times - high inflation, high unemployent, war( the Middle East
conflict in 1973 and expansive Soviet aggression in Africa and Afghanistan), the energy crisis, and high taxes. The 1970s were a tough decade for most stocks. The 1980s and 90's were great decades for stock investors. Alas, 2000-2002 were very rough years for stocks as investors cumulatively lost over $5 trillion.