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March 24, 2005
More on "The Death of Equities"
Those of you subscribed to this site via the feed will have seen this photo already, but I still thought it was interesting to put it in context. The 8/13/79 BusinessWeek "The Death of Equities" cover is a famously contrarian one, in that shortly thereafter the market began a twenty-year bull run.
Consider the following graph:
Here are the post 8/13/79 returns on the Dow:
- 1-year: 8.5%
- 5-year: 50.3%
- 10-year: 206%
- To today: 1095%
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Does anyone have a copy of this article?