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
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
Just saying be prepared for the avoidable but inevitable.
The difference between now and then:
Way too much run-up then without a correction.
Now we should be looking for a correction. But we'... more