“There is no cause to worry. The high tide of prosperity will continue.”
Andrew W. Mellon, Secretary of the Treasury, September 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. McNeal, New York Herald Tribune, October 30, 1929
“If there was a day of the week I could skip it would be Monday. Clients had too much time to think and worry over a long weekend and by Monday they were often riddled with fear and anxiety.”
Stan Turner
“The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.”
John Kenneth Galbraith, The Great Crash of 1929
Commentary and analysis of the 29′ crash?
A controlled event to allow the theft of resources by the bankers and insiders.
One more step in the plan to destroy people. 3 million starved to death?
Betcha that Morgan dude got off on that. And, SO soon after the takeover in 13′.
They didn’t waste much time did they?