Don’t let volatility get you down.
Last week was the 40th anniversary of BusinessWeek’s infamous cover headline: ‘The Death of Equities: How inflation is destroying the stock market.’ The publication’s current iteration, Bloomberg Businessweek, reported it is still getting grief over the headline and subsequent bull market. In its defense, stocks trended lower for about three years after the magazine hit newsstands.
Since its 1982 low point, “The total return on the Standard & Poor’s 500-stock index…with dividends reinvested has been nearly 7,000 percent. Not bad for a corpse.”
Investors worried back in 1979, just as they do today.