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Flashback "Glory Days" - Were You There?

February 24, 2009

“Want to invest in something? Wait 15 minutes. Someone will devise a fund to sell you.”
Diana Henriques, author of "Fidelity's World"

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A short clip from correspondent Joe Nocera's FRONTLINE report, Betting on the Market.

It aired in early 1997, near the height of Americans' love affair with stocks.
Press critics viewed it as a bit "bearish."

Coincidentally, the year 1997 has become a new marker for our economic crisis: The stock market's major indexes fell back a couple days ago to their 1997 levels -- something few in Nocera's report could have ever imagined.

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