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The Crash of 87
- Thread starter j1900q
- Start date
11:49 p.m. EDT 10/01/07Futures/Extended Trading(Roll over for charts)
Last Chg Settle
DJ Industrials 11,777 (2,300)
S&P 500 1250.87
OMFG! The North Koreans nuked China!
Last Chg Settle
DJ Industrials 11,777 (2,300)
S&P 500 1250.87
OMFG! The North Koreans nuked China!
Quote from j1900q:
The dollar falling was the real cause of the crash of 87. Of course stocks were in a blow off, like today. And we do have that same thing again. Stocks in thin air and the dollar off a cliff. Just food for thought.
Keith
Yes the market back then was persistantly rising in the face of higher rates and defied gravity for a time it squeezed all the shorts out then fell over.
VIX did not really confirm today's move. It's sure not in the 10-12 range, and it went up towards the end of the session.
with the dollar cutting so deep into unprecedented territory, it would seem the chance of new volatility precedents has increased everywhere. the buck could whipsaw everything in either direction these days