**OT** Your thoughts are clearly clouded by bearishness. Pls. report for reindoctrination.
Paul has posted some interesting notes on rate cuts at the time of the '29 crash. But he's in need of some bullish reprogramming, too.
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
Qoutations Have Not Caught Up With Real Values As Yet, He Declares
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SEES NO CAUSE FOR SLUMP
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Economist Tells Credit Men that Market Has Not Been Inflated, But Merely Readjusted
Thursday, October 24, 1929, Page 1, Col. 1
PRICES OF STOCKS CRASH IN HEAVY LIQUIDATION, TOTAL DROP OF BILLIONS
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PAPER LOSS $4,000,000,000
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2,600,000 Shares Sold In The Final Hour In Record Decline
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MANY ACCOUNTS WIPED OUT
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But No Brokerage House Is In Difficulties, As Margins Have Been Kept High
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ORGANIZED BANKING ABSENT
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Bankers Confer On Steps To Support Market - Highest Break Is 96 Points |
