Thursday, 13 November 2008

The worst is over

I've been hearing this a lot lately, especially concerning house prices
Brokers Believe Worst Is Over and Recommend Buying of Real Bargains

Wall Street in looking over the wreckage of the week, has come generally to the opinion that high grade investment issues can be bought now, without fear of a drastic decline. There is some difference of opinion as to whether not the correction must go further, but everyone realizes that the worst is over, and that there are bargains for those who are willing to buy conservatively and live through the immediate irregularity.

-- New York Herald Tribune, October 27, 1929

Don't believe a word of it myself...
lifted from Seeing The Forest.

(Edited 17.11.2008, forgot to add last sentence)