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http://www.bloomberg.com/video/84758540/
Joseph Granville (i dont know who he is
) predicted Dow will plunge 4000 points in year 2012. I am a bit skeptical though.
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Granville is probably best known for his bearish market calls during the 1970s, 1980s, and 1990s, when he claimed that the stock market was headed for imminent collapse. His overall track record, according to the Hulbert Financial Digest, is very poor.
The Granville Market Letter "is at the bottom of the Hulbert Financial Digest's rankings for performance over the past 25 years - having produced average losses of more than 20 percent per year on an annualized basis." [3]
Joseph Granville (i dont know who he is
) predicted Dow will plunge 4000 points in year 2012. I am a bit skeptical though. (29-01-2012, 10:06 PM)Bibi Wrote: http://www.bloomberg.com/video/84758540/Sorry, i just wikipedia and got his track record. So maybe just ignore what he is saying
Joseph Granville (i dont know who he is
.Granville is probably best known for his bearish market calls during the 1970s, 1980s, and 1990s, when he claimed that the stock market was headed for imminent collapse. His overall track record, according to the Hulbert Financial Digest, is very poor.
The Granville Market Letter "is at the bottom of the Hulbert Financial Digest's rankings for performance over the past 25 years - having produced average losses of more than 20 percent per year on an annualized basis." [3]