Dr. Arthur Laffer, President Reagan's Economic Advisor: 'The Fed is not a very competent Fed Board'
John Solomon Reports
00:00
The Stock Market Is Not Ready, but It Is.
In february of 19 66, a piked at one thousand. That was the intra day high. In august of 19 82, august thirteenth, the market hit a low of seven 77. Over 16 and a half years, the market was down a 22 point three %,. If you count the trevling of the price level, amanda, the stock market equivalent value in nine 19 82 was two 35. And we're going to get out of this faster, and it's going to be stronger when it happens. Ecaue, we had o ride this roller coaster a little bit longer.
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