June 11, 2011

LOOKING BACK AT the crash of 1987. “I don’t want to suggest this market is like the 1987 market, but last week there were some similar things that reminded me of the weeks before October 19. . . . The situation today is decidedly different than 1987. The question is, if the market crashed by 20% Monday, would you buy it on Tuesday?”

UPDATE: Well, this is encouraging.

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