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Politics : Ask Michael Burke

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To: Ilaine who wrote (41977)	1/4/1999 9:35:00 AM
From: Mike M2	Read Replies (1) of 132070

CB, John K. Galbraith said ho ho ho " Sometime, sooner or later, confidence in the short-run reality of increasing common stock values would weaken. When this happened, some people would sell, and this would destroy the reality of increasing values. holding for an increase would now become meaningless; the new reality would be falling prices. There would be a rush, pellmell, to unload. This is the way past speculative orgies ended. It was the way the end came in 1929. It is the way speculation will end in the future. Mike

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