The Panic of '08: What made investors run for the exits?

October 12th, 2008 in Other Sciences / Other

"In a few months, I expect to see the stock market much higher than today," Irving Fisher, America's most illustrious economist, predicted in the middle of October 1929. Two weeks later, the Dow Jones index fell by 23 percent over two days.

---

Content from AFP expires 1 month after original publication date. For more information about AFP, please visit www.afp.com .

---