The Crash of 87

Discussion in 'Trading' started by j1900q, Oct 1, 2007.

  1. j1900q


    The dollar falling was the real cause of the crash of 87. Of course stocks were in a blow off, like today. And we do have that same thing again. Stocks in thin air and the dollar off a cliff. Just food for thought.
  2. 11:49 p.m. EDT 10/01/07Futures/Extended Trading(Roll over for charts)
    Last Chg Settle
    DJ Industrials 11,777 (2,300)
    S&P 500 1250.87

    OMFG! The North Koreans nuked China!
  3. Yes the market back then was persistantly rising in the face of higher rates and defied gravity for a time it squeezed all the shorts out then fell over.
  4. dtan1e


    what if this time round its a runaway market with no end in sight?
  5. VIX did not really confirm today's move. It's sure not in the 10-12 range, and it went up towards the end of the session.
  6. with the dollar cutting so deep into unprecedented territory, it would seem the chance of new volatility precedents has increased everywhere. the buck could whipsaw everything in either direction these days