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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Cynic 2005 who wrote (7378)	10/1/1998 11:03:00 PM
From: Joseph G.	Read Replies (1) of 86076

<<Many of the bears, bowing to a force which finally seemed cosmic, switched to being bulls at sadly late period in the era. The remainder who were still short at the time of the crash covered too soon (as who wouldn't?). Then, after prices had gone inconceivably lower, they took their profits and bought stocks (as who wouldn't?). In due course of time, if they bought on margin, they went to "the Cleaners", that mythical establishment to which their brother speculators had repaired some time earlier. "The Cleaners" was not one of those exclusive clubs; by 1932 everybody who had ever tried speculation had been admitted to membership.>> F. Schwed, Jr.

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