Really excited to run out and grab my hometown paper today…
In the Sunday Business section of the New York Post, the true story of how Martin Zweig made the most legendary stock market call of all time, excerpted from Clash of the Financial Pundits:
It probably started right next to that buttonwood tree.
For as long as there have been markets, there’s been market commentary.
Flash forward a couple of hundred years. As investors trying to stay informed and make good decisions, we are assailed by expert opinions night and day, no matter where we turn.
Joshua M. Brown and Jeff Macke have told the story of the commentators themselves in their new book, “Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse” ($25, McGraw-Hill).
One of the most riveting stories is about late analyst Martin Zweig, a regular guest on PBS’ popular “Wall $treet Week With Louis Rukeyser,” where he made what the book calls “the biggest market call of all time.”