Tag Archives: irving fisher
Visions of Tomorrow from the Permanently High Plateau
Somewhere, someone first said “bull markets don’t die of old age.” We suppose this throwaway phrase was first uttered in a time and place much like today. That is, in the midst of a protracted bull market where stock prices … Continue reading
Posted in MN Gordon, Stock Market
Tagged collapse, crash of 1929, irving fisher, pe ratio, S&P500
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Holding the Permanently High Plateau
“Stock prices have reached what looks like a permanently high plateau,” said Ph.D. economist, Irving Fisher, on October 17, 1929. “I do not feel there will be soon if ever a 50 or 60 point break from present levels, such … Continue reading
Posted in MN Gordon, Stock Market
Tagged hunter s thompson, irving fisher, napoleon, russian campaign of 1812, S&P500, three greek fates, walter lippmann
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