Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Numbers are strange things in that there’s often more behind the raw data (like dividends) than first meets the eye. But it is worth noting that, according to Sorkin (interview), the initial drop of around 50% in “the market” in 1929 was largely recouped by year’s end when the market had pulled back to only a 17% loss for the year. Major publications in summarizing the year’s top stories didn’t even find that notable enough to highlight.
It was in the years following ‘29 that the real unraveling occurred. By about ‘39 or ‘40 the market had fallen by 90% from its 1929 high. A lesson might be that dips and relatively quick recoveries are what we’ve become accustomed to. A prologued near decade-long decline can’t be completely ruled out and something I doubt any of us are prepared for. It’s the time span that I find most intriguing. The ‘07-‘09 fiasco by comparison lasted only about 15 or 16 months by my memory.
Comments
Numbers are strange things in that there’s often more behind the raw data (like dividends) than first meets the eye. But it is worth noting that, according to Sorkin (interview), the initial drop of around 50% in “the market” in 1929 was largely recouped by year’s end when the market had pulled back to only a 17% loss for the year. Major publications in summarizing the year’s top stories didn’t even find that notable enough to highlight.
It was in the years following ‘29 that the real unraveling occurred. By about ‘39 or ‘40 the market had fallen by 90% from its 1929 high. A lesson might be that dips and relatively quick recoveries are what we’ve become accustomed to. A prologued near decade-long decline can’t be completely ruled out and something I doubt any of us are prepared for. It’s the time span that I find most intriguing. The ‘07-‘09 fiasco by comparison lasted only about 15 or 16 months by my memory.
Have a nice day!
I placed 1929 on my to read list.