1987 – InvesTech was virtually alone in warning of Black Monday…
Eye of the Storm – Newsletter ATTACH/FORMAT
Published the week before “Black Monday,” as Wall Street pundits insisted that the market’s recent 200 point drop was nothing more than a “correction.”
Expert Advice on Investing
Jan. 4, 1988 – From his office overlooking Whitefish Lake in the Rocky Mountains of Montana, Jim Stack foresaw the stock market crash of Oct. 19. On Sept. 30, his InvesTech newsletters told stock investors to move to 94% cash.
Only five newsletters predicted plunge
Oct. 22, 1987 – Hulbert Financial Digest is also bullish on InvesTech Market Analyst. The last stock in [InvesTech’s] model fund portfolio was sold October 16, three days before the crash. InvesTech said monetary conditions and technical factors pushed them towards caution.
