Henry Kaufman was known to generations of financial journalists as Dr. Doom for his old-school bearishness. A mildly positive market call he made on Aug.…
Henry Kaufman was known to generations of financial journalists as Dr. Doom for his old-school bearishness. A mildly positive market call he made on Aug. 17, 1982, ignited a huge rally on Wall Street. Kaufman, the former head of research at Salomon Brothers, discusses that market call and media coverage of it in a new book, “The Day the Markets Roared: How a 1982 Forecast Sparked a Global Bull Market.” The book has special meaning to members of the New York Financial Writers’ Association: Kaufman recounts how that November he attended the Financial Follies, where longtime NYFWA member Bob Kozma portrayed him as “the very model of a modern-day economist” in a Gilbert and Sullivan spoof. Reporting on the show, American Banker wrote that “the member of the audience most convulsed with laughter was Henry Kaufman.”
When: Monday, April 19th @ 7 p.m. (EDT)
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