The Intelligent investor by Benjamin Graham | Episode 1 |
The Audiobooks Podcast
The History of the Stock Market
Table 3-1 sets forth the low and high points of 19 bear and bull market cycles in the past 100 years. Chart I, presented by courtesy of Standard and Pause, depicts the market fluctuations of its 425 industrial stock index from 1900 through 1970. A corresponding chart available for the Dow Jones Industrial Average will look very much the same,. The reader will note three quite distinct patterns, each covering about a third of the 70 years.
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