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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (640)10/28/1997 7:55:00 PM
From: TFF  Read Replies (1) of 12617
 
For a perspective on crashes read the book The Great Crash of 1929
by John Kenneth Galbraith. Probably only available at libraries.

In 1929:

The government made many statements that the economy was in good shape and there was no reason for panic.

Media portrayed the crash as a temporary correction.

Investors continued to average down ...all the way to the bottom.

There's a saying that goes something like this: Those who forget the past are condemned to repeat it.
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