Bill Seidman passed away yesterday. Rather than attempt to write up an obit without any new details of the man’s extraordinary career or service to his country, I thought I’d show you how good and sharp he was as a market commentator.
The above video shows Bill Seidman doing what he did best…being insightful and appropriately serious. The air date of this clip was June 19th, 2008. Bill Seidman warns us about how bad the crisis will get and uses the term Great Depression.
He makes these prescient and sobering comments with the Dow Jones Industrial Average over 12,000.
Goodbye, Bill. Thank you.
For more on the life and career of Bill Seidman: Seidman Obit (Philly Inquirer)