- June 15, 1931 — For over a year now, people have been buying stocks at what they think are bargain prices
- June 30, 1931 — Magazines and newspapers are full of articles telling people to buy stocks, real estate, etc. at present bargain prices
- January 11, 1932 — Even those who invested in 1930 — after the crash — at what they considered bargain prices, now find their "bargains" selling at half price or lower.
- May 9, 1932 — Both stocks and commodity prices are back to 1899 level. Most [...] reinvested a year or more ago and now find stock prices have sagged to 1/3 of what they were when they thought they were buying bargains.
- August 8, 1932 — In the last 30 days, the stock market has given one of the most strenuous rallies in its history. [...] There is no tangible explanation for this [...]
- September 1, 1932 — The stock market on the contrary tripled its value during August in one of the quickest climbs ever witnessed.
- September 19, 1932 — After a rising stock market of six weeks which increased its values by 150% the market broke badly last week. [...] So far in the last 2 years the stock market has made 8 fake starts upwards and then eventually came back to record lows.