Home » Posts tagged 'black monday'
Tag Archives: black monday
Black Monday… Part Two
Black Monday… Part Two At its lows today, this was the market’s biggest down day since 1987 (by the close the biggest since Oct 2018)! In a reflection of the total loss of faith policymakers among BTFDers, @Sentimentrader notes that: This is the only day in the history of S&P 500 futures that they gapped […]
Black Monday – Can It Happen Again?
Black Monday – Can It Happen Again? The 1987 stock market crash, better known as Black Monday, was a statistical anomaly, often referred to as a Black Swan event. Unlike other market declines, investors seem to be under the false premise that the stock market in 1987 provided no warning of the impending crash. The […]
A Day of Carnage in the Trading Rooms
A Day of Carnage in the Trading Rooms Thirty one years ago today, on Oct. 19,1987, the Dow Jones Industrial Average plunged 22.6%, its largest one-day percentage-point drop ever. You may have noticed that the financial media has started to highlight the point drops as opposed to the percentages. To say the Dow lost 500 […]
Stock Market Crash of 1987
Stock Market Crash of 1987 The first contemporary global financial crisis unfolded on October 19, 1987, a day known as “Black Monday” when the Dow Jones Industrial Average dropped 22.6 percent. Composite of newspaper headlines reporting the Stock Market Crash of 1987 (Associated Press) The first contemporary global financial crisis unfolded in the autumn of […]
Why the most-recent selloff was just the beginning
Why the most-recent selloff was just the beginning On October 19, 1987, the Dow experienced its biggest one-day percentage loss in history – plunging 22.6%. The day will forever be known as “Black Monday.” The selloff was so fast and so severe, nothing else even comes close. The second worst percentage loss for the Dow […]
Stock Market Plunges: Down 1,175 Sparking Recession Fears
Stock Market Plunges: Down 1,175 Sparking Recession Fears Many analysts have predicted an economic crisis is just over the horizon. Could the stock market’s recent plunge be the recession they’ve said is long overdue? The drop amounted to just a 4.6% drop, which doesn’t seem like much; but it’s the biggest decline since August 2011, during the European […]
“The Nightmare Scenario” Revisited: Albert Edwards Lays Out The Next “Black Monday”
“The Nightmare Scenario” Revisited: Albert Edwards Lays Out The Next “Black Monday” Is it the onset of a recession or the fear of a recession that causes a crash? That is what SocGen’s bear (or, as he calls himself this time, wolf) Albert Edwards contemplated on the 30th anniversary of Black Monday, before reaching the […]
Volatility and the Alchemy of Risk
Volatility and the Alchemy of Risk Reflexivity in the Shadows of Black Monday 1987 The Ouroboros, a Greek word meaning ‘tail devourer’, is the ancient symbol of a snake consuming its own body in perfect symmetry. The imagery of the Ouroboros evokes the infinite nature of creation from destruction. The sign appears across cultures and […]
Weekly Commentary: Arms Race in Bubbles
Weekly Commentary: Arms Race in Bubbles The week left me with an uneasy feeling. There were a number of articles noting the 30-year anniversary of the 1987 stock market crash. I spent “Black Monday” staring at a Telerate monitor as a treasury analyst at Toyota’s US headquarters in Southern California. If I wasn’t completely in […]
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It”
Greenspan: “This Is The Worst Period I Recall; There’s Nothing Like It” During a CNBC inteview today, when discussing the historic Brexit vote outcome, Alan Greenspan unleashed a fiery sermon that could have been prepared just by reading a random selection of posts from this website, the former Fed chairman told his shocked hosts that the current […]
Market risk; model smash
Market risk; model smash Seeing the market crash from a few weeks ago, it is clear how quickly the markets can ferociously thrust past one’s risk models. Risk models that failed to safeguard against risk when it absolutely mattered the most. Models that left many large hedge funds hemorrhaging – top funds which by definition were supposed to protect their investors […]
The Market’s “Other” Panic Indicator Just Went Off The Charts
The Market’s “Other” Panic Indicator Just Went Off The Charts With indicators from macro-fundamentals (e.g. retail sales, core capex, inventory-to-sales) to market-oriented measures (VIX levels and backwardation, HY credit spreads, commodity prices) all flashing various colors of dead canary in the coal-mine red, we thought today’s colossal spike in the Arms (TRIN) Index was a notable addition. An Arms Index […]
Is This Black Monday Crash The BIG ONE? It Doesn’t Matter
Is This Black Monday Crash The BIG ONE? It Doesn’t Matter After losing 11% last week, Shanghai this morning was down almost -9% at one point, after lunch went back up to -6.5%, and ended its day at -8.49%. A Black Monday for sure, but is this the BIG ONE? It really doesn’t matter one […]
“Black Monday” – Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down
“Black Monday” – Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down China Xinhua News ✔@XHNews Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday 11:31 PM – 23 Aug 2015 George Chen ✔@george_chen FACTS: By midday break, nearly 2000 stocks […]
