2 leg down to be devastating, page-17

  1. 13,576 Posts.
    neil-wa...after reading ur post, it troubles me to see that your understanding of economical turmoil is due to readings of cnn reports and political reassurence that everything is o.k..

    My fellow trader a paragraph just after the first sell off in 1929..weeks before the crash.

    "Almost everyone believed that the heavenly knuckle-rapping was over and that speculation could be now resumed in earnest. The papers were full of the prospects for the next weeks market.
    Stocks,it was agreed, were again cheap and accordingly there would be a heavy rush to buy."

    Todays market is so similar in volumes and huge price swing...the quotes from politicians urgeing us not to panic..resembles 1929.....

    ON A POSITIVE NOTE...ILL BE AROUND TO TELL MY GRANDKIDS OF THE EXPERIENCE OF THE GREATEST OF THEM ALL......THE 2007 CRASH
 
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$72.02
Change
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