The ICA Guide
The ICA Guide
The ICA Guide
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Oil embargo<br />
0.6<br />
7.9<br />
.4<br />
.1<br />
Nixon resigns<br />
15.9<br />
245.5<br />
52.2<br />
840.3<br />
U.S. withdraws<br />
from Vietnam<br />
14.3<br />
317.7<br />
49.8<br />
1,137.7<br />
New York City<br />
threatens bankruptcy<br />
12.8<br />
398.1<br />
46.4<br />
1,474.4<br />
Energy crisis<br />
13.3<br />
374.3<br />
49.8<br />
1,436.4<br />
Massacres in Cambodia<br />
14.4<br />
414.4<br />
56.0<br />
1,647.5<br />
Three Mile Island<br />
nuclear accident<br />
17.3<br />
475.7<br />
70.0<br />
1,963.3<br />
Abscam scandal<br />
rocks Congress<br />
21.7<br />
552.2<br />
91.3<br />
2,380.2<br />
Reagan and the<br />
pope are shot<br />
26.4<br />
530.9<br />
115.9<br />
2,401.1<br />
Worst recession<br />
in 40 years<br />
31.6<br />
670.6<br />
146.1<br />
3,212.0<br />
Soviets shoot down<br />
Korean airliner<br />
30.3<br />
774.5<br />
147.2<br />
3,859.7<br />
Iran-Iraq war<br />
escalates<br />
3 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994<br />
.8 –17.9 +35.4 +29.6 –2.6 +14.7 +19.2 +21.2 +0.9 +33.8 +20.2 +6.7 +33.4 +21.7 +5.4 +13.3 +29.4 +0.7 +26.5 +7.0 +11.6 +0.2<br />
<strong>The</strong> stock market is represented by Standard & Poor’s 500<br />
Composite Index, a widely used measure of stocks issued by<br />
relatively large U.S. companies. <strong>The</strong> index is unmanaged and,<br />
therefore, has no expenses.<br />
31.7<br />
792.0<br />
160.4<br />
4,117.2<br />
U.S. becomes a<br />
debtor nation<br />
33.2<br />
1,017.9<br />
174.9<br />
5,491.9<br />
U.S. bombs Libya<br />
37.3<br />
1,200.5<br />
203.8<br />
6,685.7<br />
Record-setting<br />
market decline<br />
47.5<br />
1,220.9<br />
267.5<br />
7,049.2<br />
54.4<br />
1,327.4<br />
318.7<br />
7,989.3<br />
60.7<br />
1,652.8<br />
370.8<br />
10,338.6<br />
64.1<br />
1,598.8<br />
406.3<br />
10,409.0<br />
48.7<br />
1,969.9<br />
320.4<br />
13,171.9<br />
53.0<br />
2,052.2<br />
357.8<br />
14,092.3<br />
1 Includes dividends of $20,551,654, and capital gain distributions totaling $32,095,643,<br />
reinvested in the years 1936–2011.<br />
2 Includes reinvested capital gain distributions of $4,317,598, but not income dividends<br />
totaling $2,704,818, taken in cash.<br />
Bank failures peak<br />
Problems with junk bonds<br />
Iraq invades Kuwait<br />
Recession in U.S.;<br />
Soviet Union dissolves<br />
Los Angeles riots<br />
Midwestern U.S. floods<br />
54.0<br />
2,234.2<br />
374.4<br />
15,729.4<br />
Fed raises interest rates<br />
six times<br />
57.3<br />
2,180.6<br />
407.2<br />
15,753.9
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