{"id":26845,"date":"2017-10-14T19:17:25","date_gmt":"2017-10-15T00:17:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26845"},"modified":"2017-10-14T19:17:25","modified_gmt":"2017-10-15T00:17:25","slug":"personal-recollections-of-the-crash-of-1987","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26845","title":{"rendered":"Personal Recollections of the Crash of 1987"},"content":{"rendered":"<figure class=\"entry-thumbnail\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-content-full size-content-full wp-post-image\" src=\"https:\/\/lyonssharepro.com\/wp-content\/uploads\/2017\/10\/Black-Monday-the-Stock-Market-Crash-of-1987-NYT.jpg\" sizes=\"auto, (max-width: 531px) 100vw, 531px\" srcset=\"https:\/\/lyonssharepro.com\/wp-content\/uploads\/2017\/10\/Black-Monday-the-Stock-Market-Crash-of-1987-NYT.jpg 531w, https:\/\/lyonssharepro.com\/wp-content\/uploads\/2017\/10\/Black-Monday-the-Stock-Market-Crash-of-1987-NYT-150x62.jpg 150w, https:\/\/lyonssharepro.com\/wp-content\/uploads\/2017\/10\/Black-Monday-the-Stock-Market-Crash-of-1987-NYT-300x124.jpg 300w\" alt=\"\" width=\"531\" height=\"220\" \/><\/figure>\n<div class=\"entry-content\">\n<header class=\"entry-header\">\n<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/lyonssharepro.com\/2017\/10\/personal-recollections-of-the-crash-of-1987\/\">Personal Recollections of the Crash of 1987<\/a><\/h3>\n<\/header>\n<div class=\"post-meta-info\"><em>The following guest post is a first-hand account of the events surrounding the Crash of 1987 by JLFMI President, <strong>John S. Lyons<\/strong>.<\/em><\/div>\n<\/header>\n<p><strong>Personal Recollections of the Crash of 1987\u00a0on its 30th Anniversary<\/strong><\/p>\n<p><strong><em>\u201cThere was no \u2018smart money\u2019 that day.\u201d<\/em><\/strong><\/p>\n<p>What do the assassination of President John F Kennedy, the beginning of Desert Storm and 9\/11 have in common? Provided you are old enough to recall JFK\u2019s assassination, the answer probably is that you remember exactly where you were on the day of those events. If not that old, there is most likely another event that is so memorable that you recall where you were and what you were doing at that moment.<\/p>\n<p>Being in the securities business for many, many years, the Crash of \u201987 on October 19th of that year is right up there with JFK\u2019s assassination and 9\/11 as one of the mind-numbing catastrophes I\u2019ve witnessed. In retrospect only, it was fortunate that I had entered the brokerage business in 1969 and immediately weathered a 36% market decline into 1970. On the heels of that decline, I then endured one of the worst bear markets in modern history in 1973-74 when the Dow Jones Industrial Average lost almost 50% of its value. As a result, I was weaned on risk in my new profession. And I learned early on that if a career that centered around the stock market were to be endurable, I had to find a way to practice risk management.<\/p>\n<p>As a result, I developed a risk model during the 1970\u2019s as a means of guarding against such disastrous losses in the future. Fortunately, the model has been of very valuable assistance, protecting clients from every major decline since its inception in 1978.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Personal Recollections of the Crash of 1987 The following guest post is a first-hand account of the events surrounding the Crash of 1987 by JLFMI President, John S. Lyons. Personal Recollections of the Crash of 1987\u00a0on its 30th Anniversary \u201cThere was no \u2018smart money\u2019 that day.\u201d What do the assassination of President John F Kennedy, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13166,8723,16498,1138,2731,16499],"class_list":["post-26845","post","type-post","status-publish","format-standard","hentry","category-economics","tag-13166","tag-dana-lyons","tag-john-s-lyons","tag-stock-market","tag-stock-market-crash","tag-the-lyons-share"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26845"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26845\/revisions"}],"predecessor-version":[{"id":26846,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26845\/revisions\/26846"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}