So here we are on the 20th aniversary of black monday Oct. 19, 1987.
Lets look back at the friday before when the dow droped 108 points.
Then came black monday and the dow dropped 508 points. Foward time 20 years and here we are on the aniversary. Last friday we saw the dow drop 366 points. Alot more than 108 on the friday before in 1987. Yes technology has changed and the automated trading computer programs have so called "fail safes" to prevent a mass sell off, but it was people who created the fear and the sell off and the computers just followed then.
So, will it happen again? I have no idea. I just thought this might be some food for thought. All I know is I got my finger on the trigger and I am ready to sell everything I own if asia and europe looks bad. What do you guys think?
Lets look back at the friday before when the dow droped 108 points.
Then came black monday and the dow dropped 508 points. Foward time 20 years and here we are on the aniversary. Last friday we saw the dow drop 366 points. Alot more than 108 on the friday before in 1987. Yes technology has changed and the automated trading computer programs have so called "fail safes" to prevent a mass sell off, but it was people who created the fear and the sell off and the computers just followed then.
So, will it happen again? I have no idea. I just thought this might be some food for thought. All I know is I got my finger on the trigger and I am ready to sell everything I own if asia and europe looks bad. What do you guys think?
Just Trade It