I remember the DOW breaking 1000 when Nixon was in office, then things started to slide with the ’72 Oil Embargo. Jimmy road that wave all the way to a loss in ’80, all the while accusing us of “malaise”. Reagan handed Voelker the reins at the fed, and told him that he’d pay the political price of beating inflation, and we rode that wave up through today, with a few other anomalies added to the mix. I forget the exact number, but the DOW had at least quadrupled by the time RR left office, and then there was Greenspan. These are interesting times folks.
