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…

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  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).  […]

  3. free online tutoring commented on Sep 20

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  4. Small child commented on Sep 25

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  5. rubber straps commented on Sep 26

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  6. blazing trader commented on Sep 27

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  7. DevOps as a Service commented on Nov 02

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  8. Harold Jahn Alberta commented on Nov 27

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  9. Functional Testing Services commented on Dec 09

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]

  10. diamond painting kits commented on Dec 17

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2013/06/10/the-day-joe-granville-crashed-the-market-video/ […]