Imagine for a moment that I'm standing in front of a gigantic chart that tracks the movement of the stock market from almost the beginning of last century. You see a series of peaks and valleys corresponding to various historic events. There is a serious downdraft during the Depression. But look. After it bottoms out, the line goes up. Invariably goes up.

Notice the 1987 stock market crash. See that abrupt drop? I remember that one. The feeling that swept the nation was that the market would ...

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