1997 "PBS Frontline" TV show about investing in stocks

This is great. History repeats itself.

Cramer. I don't trust him.

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Ryan MF said:

This is great. History repeats itself.

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And I thought I knew the quote:

The commonly used expression, "Those who ignore history are bound (or doomed) to repeat it" is actually a mis-quotation of the original text written by George Santayana (1863-1952), who, in his Reason in Common Sense, The Life of Reason, Vol.1, wrote "Those who cannot remember the past are condemned to repeat it."

I agree.

Ryan MF said:

This is great. History repeats itself.

Click to expand...

In what way? The funny thing about January 1997 is the market had a Shiller PE ratio of 28 vs. 25 for today. Obviously that meant a lot of people were saying the market was overvalued at the time and they would be proven right for the most part but only after the market doubled in value over the next 3 years. Anyway I don't see that happening again.

Oh, that's where that Cramer clip of him trading came from. Thanks for posting the links.