Did you know that from its 1973 high to its 1974 low, the Dow Jones Industrial Average fell 45%? It is what came afterwards that could be helpful in assessing the stock market's current prospects.
About the "Did You Know?" Series
In coming weeks, I will be writing some articles under the umbrella of, "Did You Know?" Most will be relatively short pieces about various financial-market matters I believe readers will find of interest and potential benefit. These will be clearly referenced as part of the overall series and posted at the GRA website, www.gillespieresearch.com/. More than likely, the next installment of "Did You Know?" will examine corporate debt and interest rates, and the impact interest rates are likelyto have on corporate profits going forward.