“ ‘For the bulk of this story, as in most financial services stories, I will quote from a series of famous blowhards, all of whom predicted that this bull market would top out at 7500.’ ”

That’s an excerpt from an article penned decades ago titled, “The First Totally Honest Stock Market Story.”

Wall Street Journal columnist Jason Zweig calls it a “blast of brilliance” and says that if he had to name any bit of financial journalism he wishes he’d written — and he has written a lot over his long career — this would be the one.

“Like all good satire, it is a mix of the obvious and the subtle,” Zweig wrote in a recent blog post. “And, while it is steeped in the experience of the mid-1990s, when it must have been written, it would have gotten a laugh in 1929 and probably will still be funny 50 years from now.”

For instance, this nugget also fits nicely in the current climate of new S&P SPX, -0.28% highs and the pundits who can’t resist calling a top:

“ ‘Sure, I’ve missed the last 6,000 points of the rally,’ says Sherman McCoy of First Swiss-Credit Boston, who shifted his assets into gold last spring, ‘but when the correction comes, my position is going to be looking pretty good.’ ” (Sherman McCoy, of course, was also the name of a main character in the late Tom Wolfe’s “Bonfire of the Vanities.”)

Here’s the full version, which Zweig reports he photocopied 20 years ago: