"I expected it somewhat earlier, and not for economic reasons--but for aesthetic and moral reasons. The last two years were just too disgusting a spectacle. Pigs gorging themselves at the trough are always a disgusting spectacle, and you know it won't last long."
--Peter F. Drucker,
a professor at Claremont Graduate School and a pioneer in the study of modern management
"It was a financial meltdown as good as any that has come along."
chairman of the New York Stock Exchange
"There's too much money chasing too few stocks managed by 28-year-old boys paid $500,000 a year who don't know what they're doing."
--H. Ross Perot,
chairman of Electronic Data Systems
"What we have is an economic crisis of international proportions."
--John D. Connolly,
chairman of the investment policy committee of Dean Witter Reynolds
"I think everyone is a little puzzled. I don't know what meaning it might have because all the business indices are up. There is nothing wrong with the economy."
"I'm very nervous about tomorrow. This may be the end of the yuppie era."
a broker and trader for Haas Securities in New York
"1929 looks like small potatoes compared to what happened this week."
--I.W. (Tubby) Burnham II,
honorary chairman of the Drexel Burnham Lambert brokerage firm
"I slept like a baby (Monday night). I woke up every hour and cried."
Equitable Financial Services manager, San Diego.
"This is going to frighten off a lot of small investors and quite a few big ones, too. I suspect there will be a substantially more cautious approach to investing after this."
--John Kenneth Galbraith,
"It's paper anyway. It was paper when we started and it's paper afterward."
chairman of Wal-Mart Stores, whose personal stock holdings declined by about half a billion dollars Monday.