Garth Nix Quotes

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

Wall Street has become a veritable casino.

Wall Street is in trouble because Main Street is broke.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

We say, 'The market plummets,' like it's some roaring creature.

Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery.

… a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons..

The way you create deflation is you create an asset bubble.

We are in a big, fat, ugly bubble. And we better be awfully careful.

I think a lot of us feel, when we look at the Dow Jones plunging, alienated - you do feel as if we're in the grip of some alien force that slipped human control.

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.

Remember, 2000 was the year of the dot-com bust. The telecom industry lost about $2 trillion in market capital at that time.

The trouble is that the average trader on Wall Street, he or she is so young, he doesn't even remember the recession of 2001, let alone the previous one.

The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

A default on our debts as a result of not meeting our obligations would be a disaster for the stock market, and Americans would see their retirement funds shrivel up.

For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger.

Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000, or energy in the '80-'82 bear market - you get one quick pop, and then years of lag as we fight the old war.

Normally, the market peaks before bad news emerges. That's what happened in 1929, and that's what happened in 2000.

Everyone would like the world always to be in bubble times. But that doesn't happen.

I was in the equity-trading department at Merrill Lynch. I was there in 1987 when the market crashed.