August 1998 market drop?

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

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


    was it the Russian debt default? may be, just guessing
  3. yes, the "currency crisis."
  4. Flight to Long Bonds also caused the LTCM collapse....Scary times to be in the Forex