Have wars held back the Dow Jones?

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witnesstheda

Guest
[broken link removed]

Could it be that the USA would have been much richer now if it hadn't tried to go on an oil-grabbing adventure?
 
The answer is probably No. There is research ‘Extremes of Equity Market History’ in a report published by ABN AMBO that shows bear markets (e.g. Wall St crash, Oil shock, Tech crash) cause greater declines (i.e. peak to trough loss) in the value of equities than wars [except for Japan during/after WWII], and that the loss suffered in the worst affected markets is very great. So wars will cause a loss but not as great a loss as bear markets.