# Professor Richard Sylla is interviewed about the stock market during Richard Nixon's presidency

1 Faculty News May 15, 2017 ![TheStreet logo](/sites/default/files/styles/246w/public/assets/images/thestreet.jpg?itok=2XiyrQ8_)>

Excerpt from [TheStreet.com](https://www.thestreet.com/story/14135043/1/if-trump-is-like-nixon-watch-out-for-40-percent-market-correction.html) -- "'The Dow ended up losing something like more than 40% of its value from the peak \[from early 1973 to October 1974\], which occurred right after Nixon's reelection,' [Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla) said. 'This would qualify as a major market down-move.'"

[Read more](https://www.thestreet.com/story/14135043/1/if-trump-is-like-nixon-watch-out-for-40-percent-market-correction.html)