“The huge declines in U.S. stocks in recent months have revived interest in a BusinessWeek cover story from August 1979 entitled ‘The Death of Equities.’ At the time the story was written, the stock market had sustained serious losses and the long-term health of the U.S. economy was a significant concern.  Few, if any, market forecasters were willing to call a recovery at the time, and the story provides a telling look at how inflation had ravaged the market landscape—and investor psychology—at the close of the 1970s. So step back in time with us and read BW’s take on the state of the market in August 1979.”

http://www.businessweek.com/stories/1979-08-13/the-death-of-equitiesbusinessweek-business-news-stock-market-and-financial-advice

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