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Strategies & Market Trends : The Stock Market Bubble
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To: The Ox who wrote (3090)5/1/2000 2:32:00 PM
From: Gofer  Read Replies (1) of 3339
 
This was posted on another thread. I thought it was appropriate. (It reminds me of the old saying about people who forget the lessons of history being doomed...)

this was re-run today in the ny times

"One of the most striking features of the present chapter in stock market history is the failure of the trading community to take serious
alarm at portents which once threw Wall Street into a state of alarm. ... Traders ... now feel confident that they can ride out any storm
that may develop. But more particularly, the repeated demonstrations which the market has given of its ability to "come back" with
renewed strength after a sharp reaction has engendered a spirit of indifference to all the old-time warnings. As to whether this attitude
may not sometime itself become a danger signal, Wall Street is not agreed.
The New York Times, Sept. 1, 1929
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