http://www.1929crash.info http://www.1929crash.info/Factors_affecting_Earnings_Growth.html Factors affecting Earnings Growth. The list of factors that could potentially interrupt earnings growth is of course very long. Some of them are set forth below, with no presumption that any of these is more or less likely as of the turn of the New Millennium. http://www.1929crash.info/Factors_affecting_Earnings_Growth.html http://www.1929crash.info/Stock_Valuation.html Stock Valuation over time. It has been shown that stock price declines are not that transitory, that they can persist for decades, and thus that even long-run investors should see risk in stock market investments. There is also reason to believe that much of the enthusiasm for mutual funds is a sort of investor fad that has not been caused by any real learning. http://www.1929crash.info/Stock_Valuation.html http://www.1929crash.info/Stocks_and_Bonds_in_the_long_run.html Stocks and Bonds in the long run. Stocks have been, are, and should remain one of the best long-term investments around. Over the short term, however, other asset classes can outperform. http://www.1929crash.info/Stocks_and_Bonds_in_the_long_run.html http://www.1929crash.info/Presidential_Election.html Presidential Election & the Stock Market. Stocks found additional momentum as the new presidential race geared up. 2003 was the third year of the four-year presidential cycle, which historically has been the strongest for the S&P 500. And, it was. In 2003, the Stock Market post a strong gain. http://www.1929crash.info/Presidential_Election.html http://www.1929crash.info/2001_Recession.html 2001 Recession. What happened in the 2001 Recession? As the economy headed into recession in 2001, businesses faced a classic pattern: they were producing more goods than customers demanded, causing inventories to build up. Companies then adopted painful measures to get production back in line with sales by cutting payrolls and slashing capital spending. Those austerity measures then radiated throughout the economy, as they do in economic downturns, reinforcing any weakness that already existed. http://www.1929crash.info/2001_Recession.html http://www.1929crash.info/S&P_500.html S&P 500 Index over the past 85 years. The table appearing below highlight performance data for the S&P 500 Index by decade from 1920-1999 and for selected multiyear time periods from 1926-2004. http://www.1929crash.info/S&P_500.html http://www.1929crash.info/After_1901.html After 1901, there was no pronounced immediate downtrend in real equity prices, but for the next decade, prices bounced around or just below the 1901 level and then fell. http://www.1929crash.info/After_1901.html http://www.1929crash.info/The_Stock_Market_and_the_Economy.html The Stock Market and the Economy. Seasonal factors could help lift the market but the fundamentals in the economy could help keep it up. The stock market is normally an excellent barometer of economic health. The bear market that began in early 2000 accurately anticipated the economic recession of 2001. But the market and the economy then experienced an unusual decoupling. http://www.1929crash.info/The_Stock_Market_and_the_Economy.html http://www.1929crash.info/Stock_Market_Information.html http://www.1929crash.info/Stock_Market_Information.html http://www.1929crash.info/1929_Stock_Market_Crash.html The 1929 stock market crash occurred in October 1929. The 1929 stock market crash time line began with the Black Thursday. Before the 1929 stock market crash, the stock market had been soaring and stock and investors could not wait to get their hand on stocks. http://www.1929crash.info/1929_Stock_Market_Crash.html http://www.1929crash.info/1929_Crash_of_Stock_Market.html The 1929 crash of the stock market was the most famous stock market crash in the U.S. history. The 1929 crash of stock market was spectacular by any measure. http://www.1929crash.info/1929_Crash_of_Stock_Market.html http://www.1929crash.info/Stock_Market_Crash.html The stock market crash of 1929 was the worst stock market crash in the history of stock market crashes. The stock market crash of 1929 is also known as the Great Depression. http://www.1929crash.info/Stock_Market_Crash.html http://www.1929crash.info/New_Era_After_the_Great_Depression.html New Era After the Great Depression. The new era after the Great Depression of 1929. Speculative bubbles and their associated new era thinking do not end definitively with a sudden, final crash. People today remember the stock market crash of 1929 as occurring in one or two days. In fact, after that crash, the market recovered almost all of its lost ground by early 1930. http://www.1929crash.info/New_Era_After_the_Great_Depression.html http://www.1929crash.info/After_the_Great_Depression.html After the Great Depression. What happened after the Great Depression of 1929? After the stock market crash of 1929, stocks spiraled downward for the next three years, losing a crushing 85 percent of their value. http://www.1929crash.info/After_the_Great_Depression.html http://www.1929crash.info/The_Great_Depression_of_1929.html The Great Depression of 1929. What happened during the Great Depression of 1929? On October 28, 1929, the Dow fell 12.8% in one day. The second-biggest drop in history (until 1987) occurred the following day (October 29, 1929), when the Dow dropped 11.7%. This marked the stock market crash of 1929. http://www.1929crash.info/The_Great_Depression_of_1929.html http://www.1929crash.info/The_Great_Depression_and_other_crashes.html The Great Depression and other crashes in History. The Great Depression and the Worst stock market crashes since the DJIA was tracked in 1900. http://www.1929crash.info/The_Great_Depression_and_other_crashes.html http://www.1929crash.info/Other_important_factors.html Other Possible Causes of the Great Depression. Changes over time in the nature of employee pension plans. Changes over time in the nature of employee pension plans have encouraged people to learn about, and eventually accept, stocks as investments. The most revolutionary change in these institutions in the United States has been the expansion of defined contribution pension plans at the expense of defined benefit plans. http://www.1929crash.info/Other_important_factors.html http://www.1929crash.info/Other_possible_factors.html Possible Causes of the Great Depression (cont.) Republican lawmakers in the 1980s and 1990s were much more pro-business Republican lawmakers in the 1980s and 1990s were much more pro-business than their Democratic predecessors. In 1997, the top capital gains tax rate was cut from 28% to 20%. http://www.1929crash.info/Other_possible_factors.html http://www.1929crash.info/Possible_Causes_of_the_Great_Depression.html Possible Causes of the Great Depression. This section of the Great Depression website examines factors affecting the market during stock market crashes including the stock market crash of 1929. The Great Depression was by no means caused by any single factor. It is all the factors together that caused the stock market crash of 1929. The main factors affecting the market are outlined below. http://www.1929crash.info/Possible_Causes_of_the_Great_Depression.html http://www.1929crash.info/The_Great_Depression.html The Great Depression or the Stock market crash of 1929 started in 1929 and ended in the 1930s. While the Great Depression hit North American and Europe the hardest, other cities worldwide were affected just as much. http://www.1929crash.info/The_Great_Depression.html http://www.1929crash.info/index.html Resource website on 1929 crash of stock market, the Great Depression, Black Monday, and other stock market crashes. http://www.1929crash.info