It's easy for me to understand how the early 70's happened (and the 30's) while watching the WS BS Show unfold. The mania, the journalism slant, the cheerleading, the rhetoric, the accounting scams, the transfer of wealth. This generation leading the US will turn off the next to investing. That's what ticks me off the most, the realization that when the bottom does arrive, nobody will give a rats arse, and it will likely be quite some time before WS is a great place to invest again.
Did you see these in the NYTimes the other day <g>
Wednesday, July 3, 1929, Page 31, Col. 5
SEES STOCK RISE JUSTIFIED
Sunday, October 13, 1929, II, Page 7, Col. 2
STOCK PRICES WILL STAY AT HIGH LEVEL FOR YEARS TO COME, SAYS OHIO ECONOMIST
Wednesday, October 16, 1929, Page 8, Col. 4
FISHER SEES STOCKS PERMANENTLY HIGH
Yale Economist Tells Purchasing Agents Increased Earnings Justify Rise
Tuesday, October 22, 1929, Page 24, Col. 1
FISHER SAYS PRICES OF STOCKS ARE LOW |
