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This is a topic from the The 1980's forum on inthe00s.
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Subject: Crash of 1987, 25 years later
Written By: Foo Bar on 10/19/11 at 11:41 pm
Once upon a time, you had to wait until Friday to get the financial news, even when the markets dropped 22% on Black Monday.
W$W, Friday, Oct 23, 1987:
Part 1/3:
XFn1G2goDQw
Part 2/3:
Lm_4j-_Dnwc
Part 3/3:
o_fxEoF8Vl8
To put the Crash of 1987 in perspective, compare the composure of the Late Great Louis Rukeyser - on a week which opened with the Dow dropping the equivalent of 2600 points in a single day - with every night's performance by Jim Cramer.
The Crash of 1987 was twice as bad on a percentage basis as the Flash Crash of 2010, but was twice as big on a percentage basis - and happened in an age when the average investor didn't find out about it until the day after. Imagine being this guy from 2010 attempting to report live from the pits, but facing twice the carnage. (In defense of the 2010 pit reporter, it took the broken robots that crashed the market in 1987 a whole day to do the damage, whereas the broken robots that brought about the Flash Crash of 2010 may have only done half the damage - but they did it in five minutes.)
Subject: Re: Crash of 1987, 25 years later
Written By: 80sfan on 10/20/11 at 12:20 am
Wow, I wasn't even born until November 1988. :-\\
Subject: Re: Crash of 1987, 25 years later
Written By: 80sfan on 10/20/11 at 12:23 am
Wait, wasn't the crash from about September to December 2008, not 2010?
Then there was one in December of 2007 I think!
Subject: Re: Crash of 1987, 25 years later
Written By: Howard on 10/20/11 at 6:56 am
Wow I can't believe it's been 25 years already,I remember there was was chaos the next day.
Subject: Re: Crash of 1987, 25 years later
Written By: midnite on 10/22/11 at 11:53 pm
good clips and information. thank you for posting.
Subject: Re: Crash of 1987, 25 years later
Written By: yelimsexa on 10/31/11 at 8:33 am
It's only been 24 years so far, and watching videos, it makes me cringe/cry about how different technology was back then (green text on computers!)
Subject: Re: Crash of 1987, 25 years later
Written By: Howard on 10/31/11 at 12:39 pm
It's only been 24 years so far, and watching videos, it makes me cringe/cry about how different technology was back then (green text on computers!)
Back then we used Macintosh computers. And every kid's favorite console was a Nintendo.
Subject: Re: Crash of 1987, 25 years later
Written By: yelimsexa on 11/01/11 at 8:04 am
Back then we used Macintosh computers. And every kid's favorite console was a Nintendo.
In a way, we still use such products from Apple and Nintendo; it's just gotten portable, with a different name, and a console with more interactive movement.
Subject: Re: Crash of 1987, 25 years later
Written By: Howard on 11/01/11 at 8:15 pm
In a way, we still use such products from Apple and Nintendo; it's just gotten portable, with a different name, and a console with more interactive movement.
That's the good thing everything has gotten smaller for Nintendo.