smitty, are those the only 2 examples you were able to find? I took a look at the bloodbath throughout 2000 and it looks like the most consecutive down days for the ndq was 7... thx.
The people that say interest rates are nowhere near where they were in 87 are only getting 1/2 of the picture correct. Housing prices were nowhere near as overvalued in 87 as they are now. would you rather pay 8% on 200k or 6% on 700k? cuz thats where the housing prices have gone to. also, what was oil in 87? nowhere near $70 for this extended period of time. This housing bubble burst will make the nasdaq bubble seem like a walk in the park. When housing goes, it takes so many jobs with it.
thanks- In both instances we saw a 30% drawdown for the nasdaq.... i suppose somehow though, it's still not really a bid deal!
I think this is a great point. The speculation in housing being being directly linked to industry means a burst in the bubble will produce a big cascade.
I was born in 1987, I didn't know there was a big market crash. How did it compare to the internet bubble bursting?
it was terrible for me and my family...altough we were not in da mkt, everythin' suffered as a consequence and we had to liquidate our alfa romeo biz at a huge loss and sell many of our proprieties...we recoverd nicely since then but still a nightmare we went torugh and very close to lose our shirts...many of me friends highly leveraged in da mkt went completely b/k in no time..one of 'em hanged himself..very sad.
... that is very sad.... Do you think that if the same situation happened in the market today, it would be even worse than in 1987 or would people be better prepared for it?