Quote:
Originally Posted by melpetezrinski
"nothing is making money"? How about commodities?
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Not today. Apple chart just broke support. Massive put buying 15 points below. Timber!
Prince would say going to party like it’s 1929.
History channel says:
The Market—And People—Were Overconfident
Some experts argue that at the time of the crash, stocks were wildly overpriced and that a collapse was imminent.
That same sense of reckless overconfidence extended to average consumers and small investors, too, leading to an “asset bubble.” The crash happened after a long period of rising market growth that led to consumer overconfidence.
In fact, after 1922, the stock market had increased by nearly 20 percent each year until 1929.