"Betting on the Market" (Frontline, 1997)

[Liberty]

Found this via PlanMaestro's twitter (thanks!);

 

 

 

 

 

As someone who was too young in 1997 to see all this first hand, it was very interesting to see how the mania was seen at the time (and not just in retrospect).

[fenris]

Wow, gotta love the young Jim Cramer..

 

Thanks!

[Myth465]

I really enjoyed this thanks.

[ASTA]

Thanks for the links. I hope the carpenter and his wife made it out before the crash.

[value-is-what-you-get]

Jim Cramer in that first part of the first clip is the EXACT opposite of WEB!  Funny!

[Rabbitisrich]

There is a powerful scene where the wife is staring at the floorplans of her dream home while murmuring, "Isn't it wonderful?" Later, she puts her family's net worth into two stocks, the names of which she can't recall. Less explicit versions of that cautionary tale effect even experienced investors.

[racemize]

There is a powerful scene where the wife is staring at the floorplans of her dream home while murmuring, "Isn't it wonderful?" Later, she puts her family's net worth into two stocks, the names of which she can't recall. Less explicit versions of that cautionary tale effect even experienced investors.

 

That was painful to watch--even if those two stocks worked out, I doubt they would stop until it all came crashing down...

[Hielko]

Interesting to watch this, thanks!

[PlanMaestro]

Almost a Millionaire: A Stock Market Tale

 

http://live.wsj.com/video/almost-a-millionaire-a-stock-market-tale/09038D19-2BCD-4702-9DD9-6F907F66F2A0.html?mod=WSJ_article_outbrain&obref=obnetwork#!09038D19-2BCD-4702-9DD9-6F907F66F2A0

[tng]

There is a powerful scene where the wife is staring at the floorplans of her dream home while murmuring, "Isn't it wonderful?" Later, she puts her family's net worth into two stocks, the names of which she can't recall. Less explicit versions of that cautionary tale effect even experienced investors.

 

That was painful to watch--even if those two stocks worked out, I doubt they would stop until it all came crashing down...

 

According to the comments section in YouTube, one of the stocks mentioned was AMLN, which went from $14 down to $0.43 by the end of 1998. Ouch.

 

But I agree that some people have that gambling instinct that makes them go for the "double or nothing" option over and over again until they have nothing.

[DW1234]

Market psychology is fascinating. People forget that this type of stuff happens, and they make the same mistakes over and over again. If it's not the same generation, it's the next generation.