Wednesday, October 16, 2013

Edging Toward Thursday....



Sign for the times...?

As we await  our fate, a note from the past:


"The exceptionally violent break in the market on Thursday was regarded, in high banking circles, as corrective of a technical condition, not a reflection of unfavorable business developments.  Conditions are fundamentally sound!"


                                    - A.P. Giannini,
 President, Bank of America
              Saturday, October 26, 1929

( The day after Black Friday, Mr. Giannini slightly underestimated the coming storm... )

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