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To: AllansAlias who wrote (24249)10/3/2000 9:29:21 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
more on GRANVILLE:

first, someone on LW posted this:

For those of you who missed it, Joe Granville was a "guest" on the Cavuto show yesterday. I caught it by pure chance while late night channel surfing. So it probably took on an even eerier tint than had I not been in a somnolent state. But it was unusual to say the least. Joe G. is an old codger and last night he had a gleam of craziness in his eye as he totally took Neil aback with a prediction that this October will be the worst ever. And he then unequivocally told the audience to get out of stocks totally and go to T-bills. Cavuto had obviously lost editorial control as Joe further launched into a refutation regarding the rotation into so called value stocks, which has resulted in a stiffening of breadth in the market. Joe G. used the analogy of the Titanic going down,- when the bow went down the stern went up, and everybody ran to the stern. He finished by stating that the same defensive stocks that are surging today (tobacco, utilities and drugs?) were the same ones that surged prior to the 29 crash. To his credit, whether he's right or wrong, Joe G. refused to be badgered or intimidated and said his piece without stint. Cavuto was utterly put off and actually issued a disclaimer on the spot that Joe's opinions were definitely not shared by the majority. End of report. -RR

and here's the link to the interview (EDIT: not really a transcript of the entire interview unfortunately):

foxmarketwire.com
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