Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.— Lawrence Summers
Romantic Market Crash quotations
I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea.
Once the smoke of the market crash clears off, you know, the Internet will pick back up and go. Take a look at what's happening to some of the big companies like eBay and Yahoo, the publicly traded stocks. You know, they're all coming back up off the mat now.
Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.
My father was a very successful businessman, but he was ruined in the stock market crash. A big stockbroker jumped out the window and fell on his pushcart.
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.
Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.
One doesn't like instabilities in markets;
they may be damaging, but probably not fatal, as the October '87 crash showed. It turned out to be essentially inconsequential. So if that's true, I'm not very worried about the welfare of those who are investing any more than I am about the welfare of those who go into casinos.
Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.
While the crash only took place six months ago, I am convinced we have passed the worst and with continued unity of effort we shall rapidly recover.
A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.
When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'
The only thing that looks good is the stock market, but if you raise interest rates even a little bit, that's going to come crashing down.
Greece bankruptcy will trigger a market crash.
My advice: Buy Bitcoin & Gold Both will rise when the markets crash.
What we need to understand is, one, that there are market failures;
and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
Given the nature of market, the chance of a crash is always greater than the chance of an overnight runaway euphoria.
When my book 'Rich Dad's Prophecy' was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash.
When I bought my house in L.A., that was the best business decision I ever made, until the housing market crashed, and it became the worst business decision I ever made.
I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea. Never as then, amid suicides, hysteria, and groups of fainting people, have I felt the sensation of real death, death without hope, death that is nothing but rottenness, for the spectacle was terrifying but devoid of greatness... I felt something like a divine urge to bombard that whole canyon of shadow, where ambulances collected suicides whose hands were full of rings.
An interesting thing happened in 1989, right as I was graduating: the stock market crashed and really changed the landscape of the art world in New York. It made the kind of work I was doing interesting to galleries that wouldn't have normally been interested in it.
I think the stock market is a very dangerous place to be at the present time.
In fact, the stock market today is almost identical to where it was in October 2007 and then there was a $7 trillion crash and before that in March 2000.
Destabilization and turmoil,[Steven] Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.
When the stock market crash, a lot of people realized that the American dream was not all it was cracked up to be. They'd been living for this thing and it was kind of a façade. It wasn't real.
It was not hard to persuade people that the market was sound;
as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
I was in the equity-trading department at Merrill Lynch.
I was there in 1987 when the market crashed.
Repealing drug laws would remove the risks involved with producing and distributing drugs, bringing 'street prices' crashing down (it's estimated that a 'spoon' of heroin would cost about a quarter in the free market), thereby eradicating any incentive that criminals might have to compete with legitimate businesses, and greatly reducing if not eliminating altogether any economic reason to 'push' drugs on children.
In the early days of the crash it was widely believed that Jesse L.
Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.