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Thursday, August 04, 2011

Memories of the 1987 Crash: A true Story

On the afternoon of the Stock Market Crash of 1987, the market maven, the stock chartest who was the smartest guy that everyone wanted to know what he thought----was on the afternoon " call" that went world wide to all the EF HUtton offices....

One of the representives asked him:

"Where do you see some market support here?

He responded:

"In a PANIC all the theory of market charts is of no use. I cannot say where support is."

I never forgot his words.

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