The Dow Is Going To Crash Like In 1987?
THE chart at The Big Picture claims to show the parallel between 1987 and 2007.
To refresh: on October 19 1987 worldwide stock market collapsed after shares on Wall Street suffered a wave of panic selling.
The Dow Jones industrial average fell by record 508 points, or 22.5%. By the end of October, stock markets in Australia (41.8%), Hong Kong (45.8%) and the United Kingdom 26.4%. had all fallen massively.
And now we are invited to see the similarities between then and now…
Posted: 2nd, May 2007 | In: Reviews Comments (4) | TrackBack | Permalink