An excerpt from the New York Times on September 10, 1901, two days after President McKinley was shot:
…..”In view of these conclusions there is not much importance attaching to individual security movements. The market as a whole reflects the belief of the citizens of the republic that no personal disaster is great enough to overcome the mighty onward movement of the Nation. While every head is bowed at the bedside of our wounded President, while every patriot breathes hope for his recovery, yet the conviction is clear and strong that no blow of Anarchy can impede National progress.”
The American stock market has always been resilient. There has never been a crash that has not been recovered from. Individual stocks that lead to tremendous downturns in the markets may disappear forever, but the overall wealth of the investor, of properly diversified, has grown.
DISCLOSURE: This article was written for informational purposes only. It is not intended as investment advice and should not be relied upon as such. Consult with a qualified financial advisor or tax professional to determine the proper investment plan for you and your circumstances. I do not personally own or plan to purchase any investments spoken of here.
Source: Archives of the New York Times