Irving Fisher,the preeminent economic forecaster of the late 1920s,stated just before the start of the Great Depression that stock prices ________.
A) "were due for a substantial correction"
B) "had reached a permanently high plateau"
C) "would never again fall below current levels
D) "were substantially lower than they should be"

Question

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Irving Fisher famously stated in October 1929, "Stock prices have reached what looks like a permanently high plateau." This statement has since become infamous due to its timing, as the stock market would soon crash and trigger the Great Depression.

Irving Fisher,the Preeminent Economic Forecaster of the Late 1920s,stated Just