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Don't Panic, Stocks are Safe!

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Uploaded on Dec 25, 2009

On October 23rd 1929 Economist Professor Irving Fischer announced that "Stock prices have reached what looks like a permanently high plateau". The next day the Dow Jones gapped down 10% in the first few minutes of trade and did not recover to that point in inflation adjusted terms until the 1960's. Does any of this sound familiar.

Wikipedia Entry
http://en.wikipedia.org/wiki/Irving_F...

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