Another 300 points down day?
- Thread starter Pekelo
- Start date
Markets are also seen remaining wary of historical patterns -- notably,
1987, 1997 and 2007. This behavioural pattern shows that stock markets
don't like the years with a 7 in it. The 1987 crash, known as Black
Monday, was the second largest one-day percentage decline, and the 1997
mini-crash was the third biggest points loss or 12th biggest percentage
loss in its 110-year history. Will 2007 be the fourth biggest points
loss?
History also shows that the 1987 crash was the climactic culmination of
a market decline that had begun five days before on October 14th. The
DJIA fell 3.81% on Thursday, October 14, followed by another 4.60% drop
on Friday October 15th, and then losing 22.6% on Black Monday. Also
uncanny is that analysts were then very quick to point out at the time
was that these crashes were a "correction" to the overheated markets,
which were then trading at record highs.
1987, 1997 and 2007. This behavioural pattern shows that stock markets
don't like the years with a 7 in it. The 1987 crash, known as Black
Monday, was the second largest one-day percentage decline, and the 1997
mini-crash was the third biggest points loss or 12th biggest percentage
loss in its 110-year history. Will 2007 be the fourth biggest points
loss?
History also shows that the 1987 crash was the climactic culmination of
a market decline that had begun five days before on October 14th. The
DJIA fell 3.81% on Thursday, October 14, followed by another 4.60% drop
on Friday October 15th, and then losing 22.6% on Black Monday. Also
uncanny is that analysts were then very quick to point out at the time
was that these crashes were a "correction" to the overheated markets,
which were then trading at record highs.