Letters to the Editor
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stock market is very long term
It took from 1930 until 1955 for the market to get back to its price before the crash (using the Dow as the indicator). BUT the market also did nothing from 1965 until 1980. Between 1980 and 2000 it went steady upward. In the 80 years or so since the 1929 crash the market has trended up only a total of 32 years, if you define trend as reaching new highs yoy.

