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Today in Market History

On September 5, 1929, Roger Babson – a market statistician with a reputation as a permanent bear – said, 'Sooner or later, a crash is coming and it may be terrific … factories will shut down … men will be thrown out of work … the vicious circle will get in full swing and the result will be a serious business depression.' But he had been giving the same prediction since 1921.

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