BigBull,
Another excellent post as was BigDog's query. I recall posting a similar question on this thread awhile back, but not as nicely worded as your:
"I strongly suspect the answer to your very poignant query lies in an examination of the great bear market of 74-75 and the ensuing years."
While history never repeats itself exactly, it does rhyme! I am also very interested in studying that period of the 70's to see what investment poetry the 70's redux may make in the new millennium. I will mention a few thoughts on it,
though I am no authority, as while I watched the market during that period, I had no money, and it is a different
experience when one is an observer only and not a participant.
(Now that I am a participant this discussion is giving me a feeling I was not cognizant of in the 70's, I am feeling OLD! GGG)
I recall much backlash against the energy companies, a windfall profits tax, so they must have been making money, rampant rumors of tankers laying offshore waiting for the next price increase before coming to port to unload. The US was not in as prominent a reputation, having had a scandalous President (did I say redux, GGG), a scandalous ending to the Vietnam War with the fall of Saigon, and the coming of the national malaise which Jimmy Carter perceived, culminating in the Iranian hostage crisis.
I also recall the rather staggering amounts of gold that were brought here by many Vietnamese refugees, as I was friends with some at the bank which cheerfully exchanged fresh Federal Reserve Notes for their yellow burden at one of the main refugee centers. They may have been somewhat
disappointed, as their own Vietnamese paper money was much prettier than ours, though totally worthless after the fall.
None of these thoughts or many other poignant memories from the 70's (I'll leave the Blondes out here,ggg), are very useful without stock charts of the period. All the charts I use converge to uselessness, like a pair of railroad tracks to infinity, when I try and use them to examine the turbulent decade of the seventies.
I would be deeply indebted to anyone who can suggest a site or service where stock and index charts could be inputed for specific periods. For example, from 1/1/1972 to 1/1/1977.
Best Regards
Roebear |
