It Happened 27 Years Ago

By | October 11, 2014

27 Years Ago

It Happened 27 Years Ago. 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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