“This was supposed to be the end...
“This was supposed to be the end of the world as Wall Street knows it; instead, it was a non-event.”
--Thomas Ryan, head of equity trading at Kidder, Peabody & Co., on the stock market’s surprisingly strong performance on Monday.
“People always think we’re entering a new era, but the patterns through history don’t look all that different. That’s because the investor psychology doesn’t change; it’s always greed, it’s always fear.”
--Stan Weinstein, editor of the Professional Tape Reader newsletter, on similarities between the performance of the stock market now and after the crash of 1929.
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