Tudor Jones in 1987

[marketsurfer]

Quote from Hook N. Sinker:

DJIA weekly chart, 1987 crash.

that chart sends chills down my back......

speaking of tudor, here's something one does not see everyday:

enjoy !

surf

 

[Bernoulli]

Quote from mschey:

He may have been short prior, but he went for the juguler after the open. My research is that was his plan all along, he was taking advantage of the portfolio insurance that he knew would inevitably push the market down more.

Yeah, you're probably right -- the futures were really deep that day (not!) and the bid-ask was at least 20-40 times wider than usual as I recall!

 

[marketsurfer]

thanks for the PM's---it's not for sale.

surf

 

[piezoe]

Bonds soared on the day of the crash, but gold did not benefit much on that day. The british government was in the process of privatising BP and had placed, via the bank of England, a very large number of shares to be sold with several NY investment banks. I know Salomen and Goldman were both involved, but i don't know who else. Some blamed this flood of BP stock into the sell side of the market as a precipitating factor, but i don't think that had anything to do with it.