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#1 milbank

milbank

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Posted 19 October 2007 - 10:32 PM

NEW YORK (Reuters) - The 20th anniversary of the stock market's brutal 1987 crash has triggered explosive debate about whether today's raging, yet dubious, bull market in world stocks is headed for the same fate.

Who can blame them, right?

After all, investors know all too well that there is a persistent common thread in each and every financial crisis over the last 20 years: All collapses have been caused by excesses



http://www.reuters.c...942534120071019

Edited by milbank, 19 October 2007 - 10:34 PM.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw


"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe