Joseph E. Granville, creator of the Granville Market Letter, died Saturday at St. Luke’s Hospice House in Kansas City. The well-known market analyst was 90.
Granville gained attention for his bold predictions and his up-and-down results, which attracted both followers and detractors.
Granville was born in Yonkers, N.Y., in 1923 and went to high school on a music scholarship in Woodstock, Ill., according to his biography at granvilleletter.com.
He enlisted in the Navy in 1943 while a sophomore at Duke University. While on duty in the Marshall Islands he began writing predictions about future prices of U.S. commemorative stamps for speculators.
E.F. Hutton hired Granville in 1957 to write the company’s daily stock market letter. In 1963, he left Hutton to write his own Granville Market Letter. He also authored many stock market books.
Granville famously told his newsletter readers to exit the market in the early 1980s, and critics say he failed to see the market rally that arrived soon after. He was on target with other booms and busts.
Services were pending.