Laughter is the Best Medicine - Tell us a joke Message Board

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Pastimes : Laughter is the Best Medicine - Tell us a joke

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To: BKS who wrote (1400)	3/31/1997 10:15:00 AM
From: Jams	1 Recommendation of 62547

THIS TIME IS DIFFERENT: "Stock prices are not too high and Wall Street will not experience anything in the nature of a crash. There may be a decline in stock prices, but not anything in the nature of a crash. "The present high level of stock prices and corresponding low levels of dividend returns are due largely to ... the reduction of risk to the investor, largely brought about through investment diversification made possible for the investor ... "We are living in an age of increasing prosperity ... due in large measure to ... inventions such as the world never before has witnessed. The rapidity with which worthwhile inventions are brought out is the result of the tremendous research laboratories of our great technological companies. Applications of these inventions to business means greatly enhanced earning power. This is a new and tremendously powerful factor in the world and one which never before existed." Professor Irving Fisher - Yale University, in a New York Times Editorial - September 5, 1929.

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