- ...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.