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Show THE STOCK MARKET DEBACLE. The aftermath of the stoik market debacle is bringing a series of stories, telling about bank closings, fortunes wiped out and other evidences that it rarely pays to try to make money too fast, especially when you are fooling with forces that you do not understand. The fact tht the buying of stocks for a long time past, has been on a specultion basis, with the purchasing public expecting to turn lose on another an-other buyer soon at a b'g profit, rather than upon an investment basis, here the purchaser buys with an eye on the dividend rates of the com-nnies. com-nnies. The stock market losses are bad, because in too many instances they are to be borne by inocent investors, who had no business in the game. However, fundamentally there is no-'.hing no-'.hing to justify the enormous depreciation deprec-iation of stock values. It, like" the speculation that went before, has already al-ready been carried too far. |