The Economist (US), September 4th, 1993
Signs of an impending stock market crash include overvalued markets, sharp rises in the Dow Jones Industrial Average, low cash flow and low dividends. Many believe these factors are all true now and believe a crash is inevitable.
THE crash of '93": the phrase crops up over lunch in the world's financial districts so often these days that you would think stockmarkets had already taken a nasty tumble. In fact, anyone who invested in the world's big markets at the start of this year has earned a handsome return. Equity prices in Tokyo, Frankfurt and Paris are all up by around a quarter. Wall Str...
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