1973 Bear Market

In 1973 the bear market pulled the Standard & Poor ‘s 500 index by 50%. It was also held by some that this would bring about a “correction” in the bull market of 23 years. The article below relates some of the aspects of the bear market in the year 1973.
The year 1973 is often considered a year of financial and political disaster. Economically, the users of fuel were heavily impacted. It was an investment nightmare for stock market speculators. Experts often suggest that any individual intending to invest in stock market instruments ought to take into consideration that he may have to rub shoulders with the bear market, and that’s precisely what happened.

Investors who had been cautious about their investment portfolios did not have to lose much as those who had not availed themselves of safety nets. As of January 1973, the S&P’s 500 index market recorded 121.74 points.
Thereafter, for a period of 21 months, the bear market reigned supreme. The index fell from 121.74 to as low as 60.96 thereby indicating a whopping 50% decline. Despite this scenario, the Standard & Poor’s 500 index recuperated slowly and continued to maintain recovery. However, things turned out to be different in the year 1980.
The bears, or the sellers who were disposing of their stocks, had actually purchased them at a smaller price than was being offered during the bear market phase. It was held that the bears were pessimistic about stock value.

The Dow Jones Industrial Average had dropped by as much as 60% to 70% in 1973. As of December 1974, the Dow Jones Industrial Average had plunged as low as 577 points.

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