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October, 24 years ago. Ring any bells?

Created by amajor pain September 18, 2011 - Category: Personal - Tags: #markets  #crash  #black monday 
1 comment, 373 views, 0 likes
We maybe on the verge of a re-visitation with the upcoming 24th Anniversary of Black Monday.

But this didn't just happen all in one day. There was buildup. We could go further back, or look step a little at a time. So...
 
Friday, October 16, 1987.
 
The headlines seemed typical. We knew about most of this stuff:
 
Chicago Tribune
 
Los Angeles Times

Looking to the Next Nominee : If Reagan Wants to Win, He Must Take Gloves Off

"Psychologist to Assist Girl Charged With Slaying Her Newborn Infant"

"FINANCIAL MARKETS : Commodities : Precious Metals Gain as Stocks, Bonds Decline"

 
Well not so typical. Some of that stuff was unusual.
 
Anyway that was leading up to ...October 19, 1987 ...Black Monday:
 
Here's a look back from a 2008 view:
 
 
LA Times

Black Monday, 1987

 
 
Then there is:
 
Canadian Broadcasting Corporation

Analyzing the 1987 market meltdown



Also the Wall Street Journal:

Two Terrible Days


and

Stocks Plummet 508 Amid Panicky Selling

 
This list would not be complete without the self-absolution of the FED:
 
A Brief History of the 1987 Stock Market Crash
 

1 comment
  • amajor pain
    amajor pain Don't get me wrong please. Ain't trying to start anything.
    Just saying be prepared for the avoidable but inevitable.
    The difference between now and then:
    Way too much run-up then without a correction....  more
    September 18, 2011