05 March 2012

SP 500 and NDX Daily Futures - Blue Skies and Paper Moons


"In 1929 the discovery of the wonders of the geometric series struck Wall Street with a force comparable to the invention of the wheel."

John Kenneth Galbraith, 'In Goldman Sachs We Trust,' The Great Crash of 1929




The Great Crash of 1929 by PBS: American Experience is one of the best documentaries on the subject of a stock market bubble and collapse that I have seen. I hear it is available on Netflix streaming. It is also occasionally available on the internet.

Here are two excerpts.