Excerpt from Popular Science Monthly, Vol. 115: December, 1929
A prominent figure created considerable stir early in August of 1929 by predicting a 50 or (so-point bruk in stock market averages. Per haps the September decline was severe enough so that we may regard his prediction as realised in a practical sense. But even the September decline only wiped out about 65% of the cd vance that occurred during August in the wake of the bearish forecast.
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