Stock prices have reached what looks like a permanently high plateau. I do not feel that there will soon, if ever, be a fifty or sixty point break below present values, such as Mr. Babson predicted. I expect to see the stock market a good deal higher than it is today within a few months.
~ Irving Fisher, October 16, 1929
Oct 21, 2007
Irving Fisher's "permanently high plateau" (1929)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment