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Posted On: 04/29/2020 3:18:24 PM
Post# of 27125
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Joe Granville was a heavily followed stock forecaster from the past. He lost followers when the markets started up in 1982 and stayed bearish. I read his main book and he had one interesting correlation to today. Trading from 1965 to 1982. I think there were like 5 market tops from 1965 to 1982. He stated that beware of "The rally that fools the majority" creating a false bottom. I think it possible we are there now. This COVID and quarantine is going to have negative affects on many industries. FICO scores and 20% down to get a home loan will be a leader in lost sales for many industries.
https://www.marketwatch.com/story/four-lesson...2013-09-10
https://www.marketwatch.com/story/four-lesson...2013-09-10
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