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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (131738)	10/29/2001 8:39:25 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 436258

Speaking of books... I was in our local used book store and found what I believe to be a real treasure. Its a book called Wall Street and Lombard Street. I dont have it handy so i cant tell you the author. It was published sometime in the thirties and is a narrative about the market from 28 to 32. The author was an economist who was bedridden during the crash and wrote down his observations from reading the papers and from scuttlebutt that he collected. Its amazingly like the period of the last couple of years. I just started it but am spellbound so far. Here is the really cool part. It was once in the federal reserve library! It even has some water stains around the edge which I like to believe came from bubble boy reading it in the tub. I may post a few excerpts when I get a chance. If anyone is familiar with the Professor Ph(f)isher(I believe this is the correct name) he was without doubt the Abby Jo of his time. He was the guy that said stocks had reached a permanently higher level just before the crash. And then found reason for a rebound all the way down. Some things never change.

To: patron_anejo_por_favor who wrote (131738)	10/29/2001 9:41:53 PM
From: LLCF	Respond to of 436258

Common... these guys are all quacks!!!!!! If the market stays here or continues higher that is. VBG DAK

To: patron_anejo_por_favor who wrote (131738)	10/30/2001 3:59:36 AM
From: sun-tzu	Read Replies (1) \| Respond to of 436258

great one patron... <The collapse of a bubble is frequently accompanied by an economic crisis. Who gets the blame for this crisis? Not the bulls, who were responsible for the bubble and the various frauds and manipulations perpetrated to keep shares high, while they cash in their profits. No, it is invariably the bears who are blamed for the post-bubble crises and are the main objects of anti-speculative legislation. Yet during the bubble periods it is the bears who are generally the lone voice of reason, warning people of the folly of investing in overpriced markets. > i ordered his book...i'm a big fan of market history, thanks