Falling equities offer opportunities

In 1901, Charles Dow was quoted in The Wall Street Journal as saying: "The market is not like a balloon plunging hither and thither in the wind. As a whole, it represents a serious, well considered effort on the part of far-sighted and well informed men to adjust prices to such values as exist or which are expected to exist in the not too remote future. The thought with great operators is not whether a price can be advanced, but whether the value of the property which they propose to buy will lead investors and speculators six months hence to take stock at figures from ten to twenty points ...