Tuesday, October 31, 2006

1927-1923 Chart of Pompous Prognosticators

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."

- Irving Fisher, Ph.D. in economics, Oct. 17, 1929

[via tairbear00@chucks_angels]

No comments: