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Investopedia states that, The field of technical analysis is based on three assumptions: the market discounts everything, price moves in trends, and history tends to repeat itself.” The market discounting everything is the assumption that the current stock price is representative of everything that has or could affect the company (which includes fundamental factors).
A searcher without access to the S&P Stock Price Record has the recourse of newspapers like the Wall Street Journal and The New York Times In fact, if your search is deeply retrospective, say a half century back for pre-1960 prices, these periodicals are excellent sources although, again, the price on the page is not adjusted for splits or dividends.
This recession lasted one year, four months, a characteristic of the ‘U’-shaped recession seen in Chart 3; as reported, unemployment hit a recent record of 9%; inflation rose to 12%, second highest ever except for the 15.1% reached in 1981; and business activity (GDP) fell 3.2%; only the latter metric was less than previous recessions in the last 30 years, but only by5%.
Nevertheless, the growing housing bubble coupled with the inability of the normal banking institutions as well as Fannie Mae and Freddie Mac, the massive mortgage loan guarantee organizations, to provide flexibility in mortgage loans, provided a ready market of people wanting to cash in on the rising prices of real estate and speculators for these shadow financial institutions.