Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6879)	8/8/2001 10:17:01 PM
From: westpacific	Read Replies (1) of 74559

"Once stock prices reach the point at which it is hard to value them by any logical methodology, stocks will be bought as they were in the late 1920s – not for investment, but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easy-money policies." Alan Greenspan, 1959 Supplied by Prudent Bear - thank you. All the best West

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