Dan is best known for his December 9, 1974 Barron’s article, “Buy Signal”, in which he predicted a major new bull market. That very day, the Dow Jones Industrials hit its bear market low of 575.20.
He patiently waited over 25 years to write the coda to that article, and Barron’s published “Sell Signal” on January 3, 2000. The Dow hit its bull market high of 11,722.98 the following week. By October 9, 2002, the Dow had fallen to 7,286.27, only 62% of its former value. “Conservative” investors lost 38% of their investments in the bluest of the blue chip indices; much more in speculative stocks. And the worst was not over, as the ultimate Dow low was 6,594.44 on March 5, 2009.