Possible Objections: The Stocks were overpriced and that was the cause of the crash.Refutation: Studies have shown that using standard measures of stock value, such as Price to Earning ratios and Price to Dividend ratios, argue that the share prices were not too high for the markets.
Possible Objections: Fraud and illegal activity in the market was the reason the crash happened.
Refutation: Some evidence revealed that there was very little actual insider trading or illegal manipulation, thus this could not be the only reason why the crash happened.
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