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Strategies & Market Trends : The Stock Market Bubble
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To: Dale Baker who wrote (3120)5/4/2000 4:52:00 PM
From: Tommaso  Read Replies (1) of 3339
 
If you read Galbraith's The Great Crash: 1929, or go back and read the Wall Street Journal and New York Times reports on which it is in part based, you will see that, when the crash really became serious on the New York Stock Exhange, a lockup occurred for many stocks where there were no bids at all, only orders to sell.

There has not yet been any panic this year in the stock markets. But we only have to go back thirteen years to see something quite comparable to 1929 happening--and valuations right now are much higher than just before the 1987 crash--and much higher than before the 1929 crash as well.

If the Nasdaq hits 2000, you will have my permission to panic.
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