Stock Decline Hits Depression LevelsMoney invested 10 years ago in stocks have lost half their real value, matching the worst ten years of the Great DepressionBy Michael Mandel Business Week Feb. 21, 2009 |
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During the darkest 10 years of the Great Depression, from September 1929 to September 1939, the stock market dropped roughly 50%, adjusted for inflation. With today's drop in the stock market, the U.S. has now matched that unfortunate milestone. The Standard & Poor's 500-stock index, adjusted for inflation, is now down about 50% over the past 10 years from Feb. 17, 1999 to Feb. 17, 2009. Article Continues with Mindless Propaganda... |