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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (5956)7/15/1998 5:14:00 PM
From: sea_biscuit  Read Replies (1) of 42834
 
Knowing you read alot of literature, do know what Rukeyser did in 1987? He claims to be bullish for decades in his literature. I'm curious if he held thru the "Correction of 1987".

Kirk :

I remember seeing a "10th anniversary of 1987" program on PBS last year, wherein Louis Rukeyser sort of claimed that his "Wall $treet Week" program had warned people about the impending crash. As "evidence", he recapped a few program segments from that time.

It was not very convincing. Among other things, the clips showed a worried Marty Zweig expressing doubts etc. etc. But then Zweig is always worried about the market anyway! So I don't think that was any kind of signal at all. But I guess that was enough for the slick Rukeyser to claim that he made the right call!

Dipy.
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