On this day, October 19, 1987, 30 years ago, the stock market dropped 22.6%, with volume at 604 million shares doubling that of the previous record. So, how illusive are these crashes and how often do they happen? The panic of 1901, the panic of 1907, the depression of 1920-21, the crash of 1929, the Brazilian market crash of 1971, the crash of 1973-74, 1998 LTCM debacle, 2000 dotcom bust, 2007-08…..and on and on. I have only mentioned a few yet in spite of what history tells us, less and less people today think that it is possible for the stock markets to crash again. Why would we think this? Margin debt is at all time highs, consumer confidence numbers seem to be quite bullish in spite of what the retail sector tells us.
Read the rest here:
https://www.thehutchreport.com/blog-post/2017/10/19/the-stock-market-crash-when-and-how
They probably just delayed it, and made it worse ...in my humble opinion.
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