August 1998 market drop?

Discussion in 'Trading' started by 99atlantic, Oct 30, 2006.

  1. 99atlantic

    99atlantic

    What caused the market to drop almost 20% in august 1998? (Sorry, I was still in HS at that time, lol)
     
    #1     Oct 30, 2006
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  2. 1000

    1000

    was it the Russian debt default? may be, just guessing
     
    #2     Oct 30, 2006
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  3. DeepFried

    DeepFried

    yes, the "currency crisis."
     
    #3     Oct 30, 2006
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  4. $CostAverageMAN

    $CostAverageMAN

    Flight to Long Bonds also caused the LTCM collapse....Scary times to be in the Forex
     
    #4     Oct 30, 2006
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