Submitted by D. Nowakowski, Nov 21, 2006 15:19

Buying stocks at the end of 1937 would have been dead money for many many years, as the Depression didn't end until after WW2. The S&P went from 11 to below 8 in the meantime. Similarly Harvard Grads made the right choice in 1980, as the stock market dropped 20% in the Reagan recession (before taking off in the epic Reagan recovery)...

Similarly, 1987 was an awful time to exit the stock market, even if you were unlucky enought to buy just before the crash, you'd soon have made back your losses!

Another example of journalists not really thinking or fact-checking.

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