Mark Hulbert (with some help from Jeremy Siegel) does a nice job correcting the record about how long it took for stock market investors to “recover” from the Great Depression.
While some are quick to point out that it wasn’t until 1954 that the Dow closed above its 1929 high, Hulbert argues that, in fact, adjusted for inflation and dividends, the Dow got back to its ‘29 level after 8 years—which is still a long time, but not forever.