6/14 At breakfast on a Sunday morning with one of America's most successful millionaires, I said, "How is it possible that the stock market can be rising as the country is going to war--a war that may cause some of our new warships to turn turtle and may bring bombardment upon our sea-coast cities? Indeed, the stock market began to boom from the time we declared a state of war." And this successful multi-millionaire replied quietly, "Stocks are going up because I am buying them and every other intelligent capitalist is buying them. That sweeper at the crossing has straightened up and is sweeping that crossing better and with more energy because the flags are flying, and the bells are ringing, and the guns will soon be booming. War is the greatest energizer of a people. |