I’m Still Standing
In 1983 Elton John released a song titled I’m Still Standing.
With all of what is going on with the stocks markets these days, remembering that song’s title is a valuable lesson.
Virtually every year there is some drama in the world that causes us to pause, to worry, to question whether we should invest or not.
Look at this history of events:
1934 The Great Depression
1935 Civil War in Spain
1939-45 World War II
1947 The Cold War begins
1948 Berlin Blockade
1949 USSR detonates A-bomb
1950 Korean War
1952 U.S. seize steels mills
1953 USSR detonates H-bomb
1957 USSR launches Sputnik
1959 Castro seizes Cuba
1960 USSR downs U.S. U-2 plane
1961 Berlin Wall is erected
1962 Cuban missile crisis
1963 President John F. Kennedy assassinated
1964 Gulf of Tonkin
1965 Civil Rights marches
1968 North Korea captures USS Pueblo
1970 U.S. invade Cambodia
1971 U.S. Wage/Price freeze
1973 Arab oil embargo
1974 President Nixon resigns
1979 Three Mile Island nuclear incident
1980 Abscam Congressional scandal
1981 President Reagan and Pope John Paul II attempted assassinations
1982 Worse recession in 40 years
1983 USSR shoots down Korean airliner
1986 U.S. bombs Libya
1987 Dow Jones Industrial Average drops 22% in one day
1990 Iraq invades Kuwait
1991 USSR dissolves
1992 Los Angeles riots
1999 Y2K fears
2000 Internet bubble bursts
2001 9/11 terrorist attacks
2003 U.S. invades Iraq
2005 Hurricane Katrina
2008 U.S. real estate/mortgage crisis
2010 Gulf of Mexico oil spill
2015 Greek debt crisis
2018 U.S. trade war with China
Through all those challenging times, through all those concerns that “the end is near, we are still here.
What we are going through we will survive. My mom still says this whenever things get tough: “This, too, will pass.”
Call us at 330.707.4135 if you have any questions. We have 70 plus years of experience through many of these past events.
Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. William R. Pintaric & Associates and Securities America are separate entities.
Securities America and its advisors do not provide tax advice. Please consult with your tax professional regarding your individual tax situation.