Thursday, March 22, 2012
Dow Recovery From 1929
The good people at Bespokeinvest.com just posted a long term chart of the S&P 500 and Nasdaq which highlighted that while the S&P is only 11% from its all time high, the Nasdaq is still more than 60% away. For historical comparison, below is a chart of the Dow from 1929 through 1958. It shows that it took the Dow almost 25 years to get back to its 1929 peak. After 12 years, the Dow still would need to rise by almost 300% to get back to its peak at 386.
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