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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (40800)6/20/1999 8:18:00 PM
From: dclapp  Read Replies (1) | Respond to of 94695
 
heinz,

regarding the causes of the '29 crash, you might enjoy "Freedom From Fear: Americans in Depression and War, 1929-1945"; it's an exceptionally well-written history. I'm having a hard time putting it down; fascinating stuff. The author differs significantly with JK Galbraith, author of the classic "The Crash of 1929" (as I remember the title to be...)

In Freedom, the author makes the case that the crash was an almost inevitable response to an "agricultural depression" that had been ongoing in the U.S. for about 10 years before the stock market crash.

Again, a great book, highly recommended for another in-depth take at the causes and aftermath of "the crash"...

doug



To: pater tenebrarum who wrote (40800)6/20/1999 9:13:00 PM
From: Skeet Shipman  Read Replies (2) | Respond to of 94695
 
heinz,
I am in my nonlinear thinking mood tonight. If you can dissociate the exiting industry markets from the internets, you have to question whether we are in 1908-9. Though the association between etrading and overtrading seems obvious. The monetary expansion is obvious; yet, Greenspan is taking that away. At this stage I believe we are in for an extended bearish market without a crash. The internets are a different scenario.
Skeet