The Day Joe Granville Crashed the Market (Video)

In the course of my research for a project I have in the works, I came across this amazing little nugget of archival footage.

The below clip is a business broadcast from the CBC circa January 1981. It chronicles the day after legendary newsletter nutcase Joe Granville singlehandedly caused a stock market panic. I love everything about this clip, especially the clothes and haircuts and computers they’re all using. And Granville himself makes an appearance, he’s f***ing awesome.

This is amazing…

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  1. “Abandon all hope” | The Big Picture commented on Jan 07

    […] The Wall Street Journal reported that the “Granville Market Letter, which thousands of investors relied on for stock-market advice” often moved markets. The result of his historic sell recommendation was a 2.4 percent decline in the Dow Jones Industrial Average on what was, at the time, record volume.  (See video here). […]

  2. Be Smart. Don't Try to Time the Market. - Government Jobs Today commented on Jan 07

    […] The Wall Street Journal reported that a “Granville Market Letter, that thousands of investors relied on for stock-market advice” mostly changed markets. The outcome of his ancestral sell recommendation was a 2.4 percent decrease in a Dow Jones Industrial Average on what was, during a time, record volume.  (See video here).  […]

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