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To: bambs who wrote (46431)1/9/2001 8:58:08 AM
From: GVTucker  Respond to of 77400
 
The dot coms of 1929 were probably the blind pools. Wall Street firms raised money with no more promise than a stated intent to invest the money.

Goldman Sachs Trading Corp was probably the most infamous of those. The stock got over $200, if I remember correctly. It went to zero.

As another side note, there were only two groups that would make you money in the subsequent market downturn of 1930's--gold stocks and motion picture stocks.

I don't see too many similarities between the current market and the 1929 market, though. If you want to focus solely on downside risk, I see a whole lot more similarity to 1974 or Japan in 1989.



To: bambs who wrote (46431)1/9/2001 10:35:24 AM
From: chic_hearne  Read Replies (2) | Respond to of 77400
 
link:

Message 15145483