Market Indicators - Investor Sentiment: To TSM's column on the causes of the 29 crash:
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» Jaybird248 - To TSM's column on the causes of the 29 crash:
To TSM's column on the causes of the 29 crash:The key understanding missed in this analysis is the relationship between the market and the underlying economy:
In '29, a seemingly booming market masked an economy already falling into recession from excesses in overproduction and natural causes (ag-disasters). Now, the underlying economy is healthy, wealthy, and wise.
Add this to modern analysis and financial control tools and you have a totally different picture.
Also, the windows on Wall Street skyscrapers are now sealed.
-- posted by Jaybird248
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