30 Years Ago

This Sunday marks the 30th anniversary of the 18-year bull market. On August 12, 1982, the Dow reached its mega-low of 776.92. That’s less than where it had been 18 years before.

The Dow would soar for the next 18 years until it finally tapped out at 11722.98 on January 14, 2000.

For time context, the day after the Dow bottomed in August 1982, the movie Fast Times at Ridgemont High opened in theaters. That’s right, Spicoli happened 30 years ago.

Posted by on August 9th, 2012 at 4:00 pm


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