Granville Stuns the Market

A "hole in one "for a flamboyant Wall Street tipster

Frenzy set in as soon as the opening bell rang last Wednesday morning at the New York Stock Exchange. Prices plunged as brokers carried out orders from their clients to sell out their accounts. By midday the Dow Jones industrial average had fallen 31 points, although it recovered slightly in the afternoon to close down 23.80 points on a volume of 92.9 million shares. It was the busiest session in the 188-year history of the exchange. The following day, the Dow Jones index sank another...

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