…nervous.

My reputation as a stock market prophet is far from perfect, but this was one of my better calls. The day I said this the Dow Industrials closed at 2709.54. A little more than a month later, on October 13th, “The Crash of '89” took the market down to 2569.26. A recovery ensued which recouped the losses for a while, but it wasn't until February of 1991—sixteen months later-that the market decisively rose above 2700 to stay—at least so far.