Stock market history from 1854 to 1859.

The earliest stock market record's go back to 1854 when Pierce was that democratic president elect soon to be followed by Buchanan. During this period of time in 1855 the first bessemer steel furnace came on line, to produce good quality steel. It would take some time before the industrial revolution really showed a return in the stock market. During these early years the stock market was either moving sideways or in a downtrend, plus there was a bear market in store. During 1854 the market moved from 29 points to about 17 points. In 1855 and 1856, the market moved sideways between 17 points and 21 points, such conditions made it difficult to make any real money, that would have to wait for the next decade.

At the beginning of 1857 the stock market took a turn for the worse, falling all year very steeply from 21 points right down to 9 points in the last quarter before bouncing to around 13 points by the end of the year. It was a great market for short selling but not for buy and hold investors, it would be the lowest level the stock market the reached, those nine points in 1857, even with retracements the market from now on would only go upwards, even if it took a long time after a severe bear market, even after twenty years it would always return to the upward trend. Even if it wasn’t in some investors lifetime. Here again is another good reason to exit after a fall of 5 to 7%. 1858 started off well in the first quarter with the market going back up to 16 points but then fell off again and by the second quarter of 1859 it was backed down to 11 points, this was a low base for a fledgling stock market in the united states of America. The market charts were called Axe Houghton industrial stock price average. Dow Jones came in around 1900.

The market ended 1859 around the 12 point level. Like I said this was one of the most darkest times for the early stock market, things would only get better from here on in.