PBS show on the crash

Brokers Believe Worst Is Over and Recommend Buying of Real Bargains

Wall Street in looking over the wreckage of the week, has come generally to the opinion that high grade investment issues can be bought now, without fear of a drastic decline. There is some difference of opinion as to whether not the correction must go further, but everyone realizes that the worst is over, and that there are bargains for those who are willing to buy conservatively and live through the immediate irregularity.

-- New York Herald Tribune, October 27, 1929

Written two days before the crash of 1929, had you bought then you would have broken even in the 50's

http://www.pbs.org/wgbh/amex/crash/index.html

PBS is doing a show on the great crash, looks very interesting.