Kolkata,India
Posts: 100 since Feb 2011
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Unjustified behavior of the stock market from mid 60's to mid 70's
Attached is the chart of interest rates (the red line). As it is evident from the chart that the interest rates made irregular high peaks after 1965/66 and as a result the stock market halted for that decade.
Again the interest rates reached a peak in mid 70's and market halted again.
So one can infer that irregular spikes of the interest rates was definitely a cause for the unjustified behavior of the stock market from mid 60's to mid 70's. But, is that the only reason? Were there other factors? Kindly mention them.
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