Stocks for the Long Run : the Definitive Guide to Financial Market Returns and Long-term Investment Strategies

270

FIGURE 16–1

1929 and 1987 Stock Crashes

1922 – 1932

50

100

150

200

250

300

350

400

1922 1924 1926 1928 Aug Sep Oct Nov Dec 1930 1932

Dow Index Level

Monthly Daily Monthly

Figure A

Bull Market 1929 Crash Post Crash

1980 – 1990

750

1000

1250

1500

1750

2000

2250

2500

2750

3000

1980 1982 1984 1986 Aug Sep Oct Nov Dec 1988 1990

Dow Index Level

Monthly Daily Monthly

Bull Market 1987 Crash Post Crash

Figure B