Based on past history many expected a big crash this month. I don't see it.
October 19, 1987
Black Monday -- Dow Jones Industrial Average falls by 22%.
Black Thursday October 24, 1929 stock market crash
Stock Market Crashes
The stock market has hit near-record heights this year, despite myriad reasons for anxiety: the U.S. presidential elections, Brexit, China's economic slowdown. But some analysts warn that a severe fall could be coming. They see a worrisome parallel in the current highs to the run-up to Black Monday, the global crash that sent stocks plummeting on this date in 1987.The Dow Jones industrial average fell more than 500 points in New York, a 22.6 percent decline that remains the largest in the index's history - even outstripping the 1929 plunge that heralded the Great Depression. Investors in U.S. stocks lost an estimated $1 trillion.
Computerized trading systems were new, enabling a sell-off at a scale not seen before. More than 600 million shares were traded in New York. The American Stock Exchange's disk drives ran out of storage space. High-speed trading and communications amplified the crash around the world. Japan took record losses. Hong Kong stopped trading for the rest of the week. Europe's markets were in free fall. "We've never had anything like this," a European trader said. But a crisis on the scale of the Great Depression did not materialize. The drop, in the end, was far more modest than that of 2008. And the markets fully recovered within two years. - New York Times - October 19, 1016
Where was I when the stock market crashed in 1987? My BFF Louise and I were teachers who took part time jobs in a bank in Queens two days a week after school. What I remember most about this day is ... it's my daughter Nikki's birthday.
Moving to the presidential campaign and Wall Street ... Which candidate has been most criticized due to her connections? Bought and paid for by who? to what end? Sniff ... sniff ... No I'm not Trump at a debate. I smell a conspiracy ... that has its roots in history.
Full Circle, New World Order, Old World Themes, Trump, Hillary, Michelle Obama
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