The US is the best market in the world, it will recover. It always does.
Yes, then topped out in 1966 and all the way downhill until the second half of Reagan’s first term. The US tried to have a war and massive social spending all at once.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
“After the 1929 crash, the market recovered - in the 1950’s.”
And it took history’s most destructive war to do it.