FYI: Once upon a time there was an egotistical man who sold subscriptions to a stock market research product based on the premise that his “signals” could tell people when to buy and sell. To get attention for his service, he railed regularly against the Wall Street establishment, whom he referred to derisively as outdated, hopeless “bagholders”. He had come out of the woodwork and shot to fame during the late stages of a grueling bear market, at a time when the American public was willing to believe that it was a good idea to rapidly buy and sell stocks on a daily basis. He’d sold a ton of subscriptions for his service and, for a little while, had a lot of people fooled – regular investors, professional traders and the media too. And then it all fell apart.
That man’s name was Joe Granville, that era was the late 1970’s, early 1980’s.
Regards,
Ted
https://thereformedbroker.com/2019/04/03/a-man-and-his-signals-2/
