HAPPY 20th Aniversary!! Black Monday

#1
First Post: Oct 21, 2007 1:11pm Oct 21, 2007 1:11pm

Big Wave Rider
Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts

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?

Just Trade It

#2
Oct 21, 2007 1:16pm Oct 21, 2007 1:16pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting Big Wave Rider

Disliked

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?

Ignored

All we need is a few deep pocketed fellas thinking exactly like you. For us, watch the panic like we watch catastrophe moves: pop corn, coke and quick visits to the bathroom.

Oh, selling a lil GJs along the way to ease the monotony.... Not that bad an idea.

#3
Oct 21, 2007 1:23pm Oct 21, 2007 1:23pm

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

Quoting Big Wave Rider

Disliked

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?

Ignored

im already out,...i think 2 day declining then fresh buy is not out of the question,...gold, aud, and euro should be bulish till 24 nov., and 21 nov,...china should be bulish till the end of new year,..but it looks really too topish,...

its just money

#4
Oct 21, 2007 1:26pm Oct 21, 2007 1:26pm

Big Wave Rider
Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts

Quoting cesarnc

Disliked

All we need is a few deep pocketed fellas thinking exactly like you. For us, watch the panic like we watch catastrophe moves: pop corn, coke and quick visits to the bathroom.

Oh, selling a lil GJs along the way to ease the monotony.... Not that bad an idea. :

Ignored