Barkley Rosser wrote, > Of course he could be wrong and this is January, when >the "January Effect" of unusually rapidly rising stock >prices frequently happens. But then October is often a >time of unusual declines and this last one saw a record >runup. Oh well, we shall just have to wait and see. As I understand Say's law, for every seller, there's a buyer, eh?. Obviously, then there's as much money to be made during a stock market decline as during a rise. Or as Malthus said, "What an accumulation of commodities! Quels debouches! What a prodigious market would this event occasion!" (quoted by Keynes on page 364 of the General Theory of Employment) Tom Walker http://www.vcn.bc.ca/timework/
