Authored by Simon Black via SovereignMan.com,
It was late October, 1989.
East Germany was disintegrating, and the Berlin Wall was days away from coming down.
The Soviet Union was just starting to fall apart.
George H. W. Bush (the elder) was President of the United States.
And the #1 movie in the world was John Travolta’s Look Who’s Talking.
It was during that month that the US stock market, as measured by the S&P 500 index, began a decline that would last for roughly 12 months.