A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from October 07, 2008
“The trend is your friend” (Wall Street proverb)

Entry is progress—B.P.

18 July 1983, American Banker:
At the Geldermann Group, the sage advice was not to fight the markets. “The trend is your friend,” analysts there advised their customers.

Google Books
Deficits and the Dollar:
The World Economy at Risk

By Stephen Marris
Published by Institute for International Economics
1985
Pg. 118:
Or, as the market slogan has it: “the trend is your friend.”

Chicago (IL) Sun-Times
Prof who saw mart roar sees no letup
Author: Edwin Darby
Date: January 7, 1986
Publication: Chicago Sun-Times
Page: 44
Eugene Lerner enjoyed the holidays in Merrie Olde England at the invitation of a client. The client was delighted to bring the Northwestern University professor over in order to hear in detail exactly what his thinking is about the American stock market in 1986.

Lerner is a professor of finance at Northwestern’s Kellogg School of Management, the author of books on finance and the stock market, and a partner in an Evanston money management firm called Disciplined Investment.
(...)
“The trend is your friend, they say, and put new cash in the stocks that have been leading the rally.”

7 February 1986, Boston (MA) Globe, “Dow Pierces Another Barrier, Closes Above 1600” by Robert Lenzner:
The trend is your friend,” says Dennis E. Jarrett, Kidder Peabody stock market technician. “You’ve got to ride with it.”

3 March 1986, Lexington (KY) Herald Leader, “UK Student Is Tops in Stocks, But Heart Is in Commodities” by Shelia M. Poole, pg. D3:
Coffee, cocoa, sugar and pork belly futures are his favorites, and his investment philosophy is the adage: “Remember the trend is your friend.”

11 March 1986, Miami (FL) Herald, “Raiders Antics Fire Runaway Stock market” by James Russell, pg. 4D:
“The trend is your friend and you should go with the flow.”

Atlanta (GA) Journal and Constitution
Dow tops 1,900 for first time
Date: July 2, 1986
Publication: The Atlanta Journal and The Atlanta Constitution
Page Number: C/1
Investors pushed the stock market to higher ground Tuesday, sending the Dow Jones industrial average to its first-ever close above 1,900 and nudging several other market measures to new heights. “Certainly, you would have to say `the trend is your friend,’ in this market,” said David Lee, research coordinator at Robinson-Humphrey Company Inc., a brokerage in Atlanta.

New York (NY) Times
Market Place; Technicians Are Sanguine
By VARTANIG G. VARTAN
Published: April 1, 1987
ANY time the stock market takes a terrific jolt - as it did on Monday with the Dow Jones industrial average plunging 57.39 points - investors like to know what Wall Street’s technical analysts see ahead.

ANY time the stock market takes a terrific jolt - as it did on Monday with the Dow Jones industrial average plunging 57.39 points - investors like to know what Wall Street’s technical analysts see ahead.

These analysts follow indicators measuring the momentum of the market and the sentiment of its participants. Thus, they attempt to forecast by monitoring the past, and they are apt to say things like ‘’The trend is your friend.’’

New York (NY) Times
CURRENCY MARKETS; Dollar in Another Decline; Weeklong Momentum Cited
By JONATHAN FUERBRINGER
Published: October 15, 1988
The dollar continued its steady decline yesterday and some traders said it might take central bank intervention to stop the fall.

The dollar continued its steady decline yesterday and some traders said it might take central bank intervention to stop the fall.

The weeklong drop leaves central bankers with the problem of how to allow some depreciation of the dollar without letting the situation get out of hand. That could be as difficult as the central banks’ effort to slow the rally of the dollar this summer.

‘’I don’t think anything but central bank intervention or some surprising economic number will stop this decline,’’ said Frank Watson, vice president of the Swiss Bank Corporation. ‘’Traders have their teeth now into a very substantial market move; the trend is down and the trend is your friend.’’

Time magazine
My Hair-Raising Ride
By RICHARD BEHAR Monday, Jun. 07, 1993
AFTER TAKING TWO MINUTES TO EXPLAIN THE BASICS, HARVEY Houtkin opens a trading account in my name and shows me to the driver’s seat. To my right a hairdresser has just plunked down $39,250 on a stock, and she’s riding it like a champion surfer. To my left a computer screen is alive with flashing rows of swiftly changing prices. “Remember, the trend is your friend,” says Houtkin. Suddenly I’m feeling lightheaded.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Tuesday, October 07, 2008 • Permalink