Black Monday ??
- Thread starter hank rollins
- Start date
Here is the followup chart - 1987 big drop
I read somewhere that SP futures were 7% lower before the market opened Monday 930AM. From this chart - it looks like it may have gapped down 5% or so.
Also, even though it was a huge drop ... it only gave back a years worth of gains (we are trading at 1998/1999 levels on equity indexes now).
... i think we should be looking more closely at the 1989 real estate market crash
I read somewhere that SP futures were 7% lower before the market opened Monday 930AM. From this chart - it looks like it may have gapped down 5% or so.
Also, even though it was a huge drop ... it only gave back a years worth of gains (we are trading at 1998/1999 levels on equity indexes now).
... i think we should be looking more closely at the 1989 real estate market crash
"it looks like we got some decent sized selloffs almost every year during tax week. The following week after these tax week selloffs were positive. I haven't done a serious analysis of this yet, just took a quick glance."
This has been a strong correlation in the past, I think it is due to people selling to pay tax that they still owe.
This has been a strong correlation in the past, I think it is due to people selling to pay tax that they still owe.
WORD!