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Strategies & Market Trends : Value Investing
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To: Don Earl who wrote (14967)7/27/2002 10:20:49 PM
From: Don Earl   of 78825
 
Speaking of credit.

I ran across this while wondering if there were any similarities between the current market and 70 years ago.

nytimes.com

I skim through the news items on the NASDAQ site most days and looking at the news from 1929 was interesting to say the least. Some of the names have changed, but the stories sound the same.

I don't see much difference between margin at 10% in 1929 and getting checks from Visa to write for cash in 2002. Too much debt seems to be part of the formula.
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