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To: Hawkmoon who wrote (1274)12/6/2000 6:45:47 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
"But they were also being thrust up to that range on the basis of 90% margin"

I take it the 125% home equity loan and credit cards were not inventive yet in 1929; or for that matter, 100+ P/E, multiple of revenue valuations, junk bonds and the more exotic toxic slices of paper.

It will be like watching the Gulf War on CNN, when the Day of Realization arrives, generating no bids. Get the Pizza coupons ready.