Fed raised rates, sending the economy into a short but brutal recession. Fortunately this rate hike finally tamed the inflation of the 1970s, paving the way for a 18 year bull market. read more
It didn’t. 1982 was the final year of a secular bear market that began in 1966. 1982 was, by the same measure, the beginning of the secular bull market that ran from then until 2000. read more
A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors. read more