NOTHING CHANGES MUCH FASTER than the styles and fashions women's clothes or women's hair-dos. The plunging neckline or the length of the skirt as decreed by Christian Dior is forever rising or falling like the stock market. The boyish bob or the Italian haircut can come and go as rapidly as the various governments of France. Styles and fashions common stocks change just as quickly. A certain group of stocks can be in style or it can be out of style. Looking back over the years, it is most fascinating to observe the tremendous bull movements that have taken place certain stocks. Truly, most of these dramatic rises have had some solid substance behind them, such as earnings, news developments, new inventions, etc. But the factors of mass emotion and mass psychology have played at least a temporary role, just as the case of women's hats. Students of price movements have seen such emotional dramas as the tulip bulb boom early Holland, when choice tulip bulbs were bid up from a few cents apiece to hundreds of dollars. This bubble collapsed, just as did our own Florida land boom of the 1920's.
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