The Offshore Library       The Offshore Entrepreneur       Swiss Investing
The Investor's Library       The Tax Library       Retirement Havens
 



FINANCIAL QUOTES FROM BEFORE THE CRASH


Myron E. Forbes, President, Pierce Arrow Motor Car Co.:

"There will be no interruption of our permanent prosperity."
(January 12, 1928)

E. H. H. Simmons, President, New York Stock Exchange:

"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."
(January 12, 1928)

Irving Fisher, The Most Prestigious Economist of His Day:

"Stock prices have reached what looks like a permanently high plateau. I do not feel that there will soon, if ever, be a fifty or sixty point break below present levels, such as Mr. Babson has predicted. I expect to see the stock market a good deal higher than it is today within a few months."
(October 16, 1929)

"I believe the breaks of the last few days have driven stocks down to hard rock. I believe that we will have a ragged market for a few weeks and then the beginning of a mild bull movement that will gain momentum next year."
(October 22, 1929)



Back to The Investor's Library Menu


 
 
The Offshore Library       The Offshore Entrepreneur       Swiss Investing
The Investor's Library       The Tax Library       Retirement Havens