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The S&P 500 didn't exceed 1929 highs until 1954. Not saying it's a perfect parallel, but there are definitely precedents of stocks not working well for decades.


No, you're not including dividends. It had positive returns way before 1954. But yeah the 30's was called a depression for a reason.


Just to put a date to this: including dividends, it matched its 1929 high again around 1943/1944.


What if you continuously invested over that time?


Recession does not usually mean a stock market crash either




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