1999 Or 2014? "Ordinary People Show Extraordinary Faith [In Stocks]"

Tyler Durden's picture




 

March 1999...

Dow 10,000 Headline: "If This Is a Bubble, It Sure Is Hard to Pop"

Dow 10,000 Headline: "Ordinary People Show Extraordinary Faith, Reaping Rich Rewards"

Quotes:

“I don’t think of it [stock market] anymore as risk, or myself as a risk taker for investing.”

 

Abby Joseph Cohen: “This is an economy that is doing quite well and we think will support an increase in stock prices.”

 

John Kenneth Galbraith: “There are far more people in the market, including mutual funds, than there is intelligence to go around.”

But it's different this time...

 

Source: The Rational Walk

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