Learning From The Lessons Of Time

THE DATES MAY CHANGE, BUT THE HEADLINES STAY THE SAME

"Can Capitalism Survive?" "After a wild week on Wall Street, the world is different." "The Economy: Is there a light at the end of the tunnel?"* These headlines may sound familiar, but they are actually from 1975, 1987 and 1992 – demonstrating that while the challenges facing investors today may be daunting, they're not necessarily new.

During difficult times like these, it's important to remain committed to your investment plans. Review our brochure, Learning the Lessons of Time, with your financial advisor to help you stay focused, despite the day-to-day distractions of the market.

Look at our interactive timeline below to follow the ups and downs of the market since 1970, and how the headlines of yesterday provide perspective on today.

Source: Fact Set. Past performance is no guarantee of future results. This chart is for illustrative purposes only and is not indicative of any specific investment. The Dow Jones Industrial Average is (DJIA) is a widely followed measurement of the stock market. The average is comprised of 30 stocks that represent leading companies in major industries. These stocks, widely held by both individual and institutional investors, are considered to be all blue-chip companies. Please note an investor cannot invest directly in an index.

1 Source: "Empty Pockets on a Trillion Dollars a Year," Time, March 13, 1972.
2 Source: "Seeking Relief from a Massive Migraine," Time, September 9, 1974.
3 "Unemployment On the Rise," by James Kelly, Time, February 8, 1982.
4 "Banking Takes A Beating," by William Blaylock, Adam Zagorin, Stephen Koepp, Time, December 3, 1984.
5 "Who's in Charge?", Time cover image, November 9, 1987.
6 "All Shook Up," by John Greenwald, Time, October 15, 1990.
7 "Jobs in the Age of Insecurity," by George J. Church, Time, November 22, 1993.
8 "Everyone, Back in the Labor Pool," by Daniel Kadlec, Time, July 29, 2002.
9 "The New President's Economy Problem," by Justin Fox, Time, May 26, 2008.

All investments involve risk, including possible loss of principal.

More Investing Guidance

Find out more about maintaining perspective in this and any challenging market.

Taking the Long-Term View
Put Time on Your Side
Take Stock in History
Diversification: A Prudent Strategy in Any Market
Ask Legg Mason Investor Education Series

* "Can Capitalism Survive?" Time, July 14, 1975, "The Crash: After a wild week on Wall Street, the world is different.", Time, November 2, 1987, "The Economy: Is there a light at the end of the tunnel?" Time, September 28, 1992.

Legg Mason Investor Services, LLC, is a subsidiary of Legg Mason, Inc.

This site is intended for U.S. investors only. The products and services described on this site are generally not available to non-U.S. investors.