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To: marc ultra who wrote (8194)8/29/1999 1:13:00 AM
From: JF Quinnelly  Respond to of 15132
 
Just as there was no cataclysmic event in 1929 to trigger the sell off. Irving Fisher had just made his now famous remark about stocks having achieved a new, permanent plateau. Fisher was a Yale economist and perhaps the most highly regarded market analyst of his day. The 20's had been an era of rapid growth, low inflation, and great technological innovation.