It Happened 27 Years Ago

By | October 11, 2014

Ending with a down Friday, this was the worst week for S&P500 and Nasdaq since May 2012, losing 3.1% and 2.3% respectively. Let’s get some historical perspective though. Seven years ago the US stock markets would reach what would prove to be their pre-2008 crash top levels. But does anyone remember what was going on 27 years ago ? On Monday, 19 October 1987 the stock markets around the world crashed, with DJIA losing some 22% on that single day. Here is a short clip from FNN, the precursor of CNBC, from that fateful day, where Paul Tudor Jones gives his opinion on the historic events that were taking place.

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