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To: IceShark who wrote (14213)12/30/1998 11:31:00 PM
From: Ilaine  Respond to of 86076
 
Yeah, one of the things I've learned while reading up on the Great Crash was that the New York Stock Exchange added all kinds of new technology, like better stock tickers, and so forth, in the months before the crash. I have been wondering what, if anything, the new technology had to do with the crash.

One thing we forget is that for a long time, months anyway, before the '29 crash, important people were saying that the market was overvalued, and was due to crash. (I don't have the names handy and am too lazy to find them, it seems like the President of the United States and the head of the New York Stock Exchange were some, but that is strictly working from memory). We focus now on the ones who said it would only keep going up, but there were doomsayers and naysayers in '29, as well.