Future Financial Images

October 16, 1929
Yale University Professor Irving Fisher declared the “Dow Jones Industrial Average had reached what looks like a permanently high plateau.”
8 days later Dow drops 2%
Black Monday; October 28, 1929 Dow drops 13%
October 29, 1929 Dow drops 12%
Over the next 3 years the Dow drops 89%. 
 July 1932 Dow Jones Industrial Average is at its lowest point.
The [...]

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“Markets can remain irrational longer than you can remain solvent”  Keynes.
History has demonstrated the accuracy of this statement time and time again. 

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