Apollo Remote controlled RF system

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Apollo Remote controlled RF system

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On October 22, 1929, a headline in the New York Times read: “Fisher says prices of stocks are low.” Two days later, the stock market crashed. Fisher based his projection on strong earnings reports, fewer industrial disputes, and evidence of high investment in R&D and other intangible capital. But, because the market fell dramatically, many analysts concluded that he had been wrong in his assessment that stocks were undervalued in October 1929.

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