(Total Views: 139)
Posted On: 04/29/2020 3:18:43 PM
Post# of 120745
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
(0)
(0)