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The US Stock Market
Beginning of paper
As of February 24, 1997 the United States stock market has seen only two major crashes since the first seat on the New York Stock exchange was sold in 1850. Both the 1929 and the 1987 crashes turned the Dow Jones Industrial Average downward by almost 23% each. On the other hand, this market has witnessed many corrections along the way. A stock mar ....
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....y, many people, including financial analysts, money managers and individual investors, believe the stock market is due for a correction. Some of them are supporting their predictions with the theory that the past is a good indicator for the future; in other words, history repeats itself. In 1995 and 1996 the stock market has returned 37% and 24% re.... |
| Word count: 1484 |
Page count: 6 |
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