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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (1083)	1/24/1999 10:16:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 28311

John Kenneth Galbarith Responds:"As already so often emphasized, the collapse in the stock market in the autumn of 1929 was implicit in the speculation that went before. The only question concerning that speculation was how long would it last. Sometime, sooner or later, confidence in the short-run reality of increasing common stock values would weaken. When this happened some people will sell, and this would destroy the reality of increasing values. Holding for an increase would now become meaningless; the new reality would be falling prices. There would be a rush, pellmell, to unload. This was the way past speculative orgies had ended. This was the way the end came in 1929. It is the way speculation will end in the future." More- csf.colorado.edu