Oct 21, 2007

Irving Fisher's "permanently high plateau" (1929)

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

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