Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (11335)	11/25/2001 10:17:39 PM
From: Raymond Duray	Read Replies (2) of 74559

Hi Dolinar, Thanks for the link to that interesting translation. Well done! You might be interested that there was a stock market collapse a couple of decades prior to the one you described. After the Eire Canal opened in New York (around 1810 as I recall), there was a rush of interest in canal companies in the stock market. Most companies organized collected a lot of cash from interested investors, and never did get around to turning a spadeful of dirt. Even then, Wall Street knew full well its main business was fleecing Main Street. <g> Best, Ray

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