if a crisis has to occur， I d just as soon it wouldn t occur on a
Monday morning， b or that s when I hold my weekly staff meeting
and when I m least ready to cope with anything else.
But thi.，， crisis did occur on a Monday morning. And it shook
the hell out of me.
The meeting was in progress It had developed into an cxccp-
ti<)nM]v lively one. My staff consists of five people， Since the six
of us usually work independently， spending a lot of time on the
road， the only chance we have to get together as a group and
compare notes is at the beginrling of the week， before we scatter
The mfocmation and opinions we exchange then form the basis
of the market letter which we send to our customers every Tues.-
day and which otlr customers seem to regard as one of the most
valuable services our company provides.
As always， the meeting began with a discussion of the market s
performance during the past week. On this particular Monday
that didn t take long， because the market hadn t done much. The
Dow-lones industrials had dribbled along， closing on Friday a
mere three points above where they d opened on the preceding
Monday. Our collective view was that they d continue to dribble
a]ong for another couple of weeks， until the President delivered
his State of the Union address.
Then the interesting stuff began to come out.
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