jdl51

Stock Market Rally Is for Suckers as Credit Destruction Lingers

"In the 1930s the Dow posted several major bear market rallies before finally bottoming in June 1932."

I thought FDR made the Great Depression worse with his policies? Check a GDP chart of the 1930's and it did, indeed, bottom in 1932-33, right when he took office, and began a steady rise with a slight recession in '36 and '37, rising again even before the war past pre depression levels. Another con myth busted.