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The Water Cooler
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the last time the dow was here
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<blockquote data-quote="pinkhamr" data-source="post: 2127564" data-attributes="member: 9816"><p>If you care to read up on it the Stock Market was going crazy (Very High) just before "The Great Depression" kicked in ....... Just sayin' ..... <img src="/images/smilies/anyone.gif" class="smilie" loading="lazy" alt=":anyone:" title="Anyone :anyone:" data-shortname=":anyone:" /></p><p></p><p></p><p>"The Roaring Twenties, the decade that led up to the Crash,[5] was a time of wealth and excess. Despite the dangers of speculation, many believed that the stock market would continue to rise indefinitely. The market had been on a nine-year run that saw the Dow Jones Industrial Average increase in value tenfold, peaking at 381.17 on September 3, 1929.[6] Shortly before the crash, economist Irving Fisher famously proclaimed, "Stock prices have reached what looks like a permanently high plateau."[7] The optimism and financial gains of the great bull market were shaken on September 18, 1929, when share prices on the New York Stock Exchange (NYSE) abruptly fell."</p><p></p><p>"In the days leading up to the crash, the market was severely unstable. Periods of selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. Economist and author Jude Wanniski later correlated these swings with the prospects for passage of the Smoot&#8211;Hawley Tariff Act, which was then being debated in Congress.[8]"</p><p></p><p></p><p><a href="http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929" target="_blank">http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929</a></p></blockquote><p></p>
[QUOTE="pinkhamr, post: 2127564, member: 9816"] If you care to read up on it the Stock Market was going crazy (Very High) just before "The Great Depression" kicked in ....... Just sayin' ..... :anyone: "The Roaring Twenties, the decade that led up to the Crash,[5] was a time of wealth and excess. Despite the dangers of speculation, many believed that the stock market would continue to rise indefinitely. The market had been on a nine-year run that saw the Dow Jones Industrial Average increase in value tenfold, peaking at 381.17 on September 3, 1929.[6] Shortly before the crash, economist Irving Fisher famously proclaimed, "Stock prices have reached what looks like a permanently high plateau."[7] The optimism and financial gains of the great bull market were shaken on September 18, 1929, when share prices on the New York Stock Exchange (NYSE) abruptly fell." "In the days leading up to the crash, the market was severely unstable. Periods of selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. Economist and author Jude Wanniski later correlated these swings with the prospects for passage of the Smoot–Hawley Tariff Act, which was then being debated in Congress.[8]" [url]http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929[/url] [/QUOTE]
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