沸腾的岁月

• 目送飞鸿

  2022-11-13
  Indeed, the margin requirement made it quite difficult in 1969-1970 for a stock investor to be wiped out entirely. … If one heard of investor hardship in 1970, but not of lost homes, shattered lives, and suicides, much of the credit must go to that key piece of New Deal reform legislation, the Securities Exchange Act of 1934, which (among many other things) gave the Federal Reserve its power to regulate stock-market credit.
• 目送飞鸿

  2022-11-13
  From the September 1929 peak to the nadir of the Great Depression in the summer of 1932, the Dow industrial average dropped from 381 to 36, or just over 90 percent. From the December 1968 peak to the May 1970 bottom, the same index dropped from 985 to 631, or about 36 percent.…The average 1969-1970 decline of the ten conglomerates, Shapiro found, had been 86 percent; of the computer stocks, 80 percent; of the technology stocks, 77 percent.
• 豆壳

  2011-05-29
  如果说在股票市场历史上有一件事情确定不移的话，那就是新股狂热永远是危险繁荣的最后阶段。
• 豆壳

  2011-05-29
  作为一个民族，我们宁愿在一片混乱中暂时赚的盆满钵满，也不愿意少赚一点而维持长远的秩序和理智。