The stock market did great during WW2, though.
Of course this time its not dominated by industrial conglomerates which can retool their factories to manufacture military equipment.
Of course this time its not dominated by industrial conglomerates which can retool their factories to manufacture military equipment.
> Not sure where you've read that it was
Well.. I looked at the charts. The bottom was few months after Pearl Harbor and pretty much straight up after that. It certainly did much better after US joined than while it was staying out..
September 1939: DJIA was 152.54
May 1945: DJIA was 168.30
> The bottom was few months after Pearl Harbor and pretty much straight up after that
I mean, you've now picked the bottom of the market as your starting point (and not the start of WW2), so by definition it goes up after that.