Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Libloather; Travis McGee; Halgr

Investing is not “producing” anything, except paper and numbers and buying and selling...and winners and losers.

Actual production “produces”. And this country doesn’t do that any longer....the manufacturing companies, along with the jobs, have been shipped out.

But go ahead and proclaim your “wisdom” concerning the obvious signs.....you sound just like these smart fellows (who intent was likely to only ensure that the elitists got their money out before the serfs saw what was coming):

“I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.” ~~E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928

“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 PhD, leading U.S. economist , New York Times, October 17, 1929

“If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money market and so check the movement.”~~Harvard Economic Society, October 19, 1929

“This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.” ~~R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929


48 posted on 02/29/2008 9:08:32 PM PST by nicmarlo (A vote for McRino is a false mandate for McShamnesty)
[ Post Reply | Private Reply | To 47 | View Replies ]


To: nicmarlo
...the elitists got their money out before the serfs saw what was coming):

I'm a serf smart enough to buy low and sell high. You make reference from 1929? We're FAR from the great depression despite your pessimism.

50 posted on 02/29/2008 9:16:23 PM PST by Libloather (February is Liberal Awareness Month.)
[ Post Reply | Private Reply | To 48 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson