Comment by lkrubner

Related, because of double digit inflation during the 1970s, most people don’t realize how bad the crash was from 1966 to 1982. Going from near 1,100 to 800 sounds bad but not record breaking. But factor in the double digit inflation and it is an 80% crash, slightly worse than the 75% crash of 1929-1933. It’s that 16 year crash that lead to the famous 1982 cover story of BusinessWeek “Is this the end of equities?” Of course, after 1982 the market grew at a remarkable clip till 2001, and in 2021 it’s currently up by more than a factor of 35 over 1982.