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Stock Market Crash of 1987 (full documentary) 

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The fragile state of today’s world financial markets is not a new phenomenon. It wasn’t long ago that the world braced itself for another Great Depression.
It was the defining moment of the 1980's. The New York Stock Exchange, the epicenter of the world financial markets and backbone of American capitalism, was under siege. On October 19th, 1987, the Dow Jones Industrial Average plunged 508 points, the largest single day drop in the history of the stock market. But it was on Tuesday, October 20th that the world's financial markets came within 5 minutes of total disintegration.
How was it averted? Was it a miracle? Manipulation? Or a lucky trade?
Cancel Crash depicts the dramatic events that saved the world from financial anarchy and presents for the first time what actually happened on Terrible Tuesday. Framed between the opening bell on Friday, October 16th to the closing bell of Terrible Tuesday, the story unfolds as the perilous clock ticks, revealing those who prevented a global Depression and saved our financial markets.
⏰ Timestamps
00:00 Stock’s Largest Single Plunge…
02:09 Welcome To The 80s
03:05 A History of Derivatives and Trades
05:08 Indexes, Explained
06:25 Record Highs (and warnings)
08:48 The Dow’s 1st Dip
17:27 The Carnage of the Crash
18:29 Bracing for Depression
21:47 The World Tries to Stay Calm
23:41 Morning After the Crash
26:00 Will Markets Adapt?
29:22 “It’s the End of the world (and we’ll be blamed)"
30:54 CME makes its decision
32:01 Hope From Chicago?
34:00 New York’s Response
34:58 Market Euphoria
36:09 Who Saved The Market?
39:09 Could This Happen Again?
40:45 What We Learned From ’87
41:58 Watch More tastylive
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30 май 2024

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Комментарии : 1,6 тыс.   
@RuthEvelyn-rc3bg
@RuthEvelyn-rc3bg 5 дней назад
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
@Sampson-jh7yq
@Sampson-jh7yq 5 дней назад
I think investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
@FrankPatrick-no8zo
@FrankPatrick-no8zo 5 дней назад
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@alicegomez7232
@alicegomez7232 5 дней назад
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@FrankPatrick-no8zo
@FrankPatrick-no8zo 5 дней назад
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@albacus2400BC
@albacus2400BC 5 дней назад
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
@daveseah123
@daveseah123 2 года назад
1987: -22% omg it's the end 2021: -60% meh diamond hands
@ryanvincent6519
@ryanvincent6519 2 года назад
HODL, BTFD, _____ to the Moon. 🤣
@ChipsMcC
@ChipsMcC 2 года назад
My Cryptos: -95% Me: puts back in original investment, and promises not to diamond hands. *diamond hands anyway
@tombsandtemples
@tombsandtemples 2 года назад
This is very very true
@andso7068
@andso7068 2 года назад
Burry was down -114% with his shorts in 2006. Goes to show that DD and patience really pays off.
@Baghuul
@Baghuul 2 года назад
Dudes couldn't handle the FUD back then.
@LordDirus007
@LordDirus007 4 года назад
Now I trade stock sitting on my toilet
@lynnknaak5890
@lynnknaak5890 3 года назад
Beautiful
@whatmakesyourday
@whatmakesyourday 3 года назад
‘Merica.... 🥲
@theaccountant5846
@theaccountant5846 3 года назад
I just shorted ARK on the shitter...
@isoSw1fty
@isoSw1fty 3 года назад
Same and its glorious
@fernando4life
@fernando4life 2 года назад
Same🔥🔥🔥🔥
@scribbledribble6226
@scribbledribble6226 3 года назад
Safe to say those people didn’t have diamond hands
@conormcgregor.7333
@conormcgregor.7333 3 года назад
lol
@dicomohio4743
@dicomohio4743 3 года назад
I didn't realize how common paper hands were back then
@houstondogbehaviorandtrain5430
@houstondogbehaviorandtrain5430 3 года назад
Buy the dip
@mish130
@mish130 3 года назад
@@houstondogbehaviorandtrain5430 The problem is always identifying whether you're at the dip, or half way down the slope ;)
@videosuperhighway7655
@videosuperhighway7655 3 года назад
What happened is the options desks were not picking up the phones so options representing a basket of stock were being liquidated forcing a sell off on equity.
@Raymondjohn2
@Raymondjohn2 5 месяцев назад
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
@CraigChap_6898
@CraigChap_6898 5 месяцев назад
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
@maga_zineng7810
@maga_zineng7810 5 месяцев назад
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
@kevinmarten
@kevinmarten 5 месяцев назад
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@CraigChap_6898
@CraigChap_6898 5 месяцев назад
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
@kevinmarten
@kevinmarten 5 месяцев назад
Definitely! All of this happened in less than a year after Natalie Lynn Fisk told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
@GerardHawaii
@GerardHawaii 4 года назад
Remember that day well. I had quit my job after 10 years, sold my house and everything I owned on the mainland and relocated myself,wife and two kids to Hawaii two weeks earlier. With no job or anywhere to live. Panic? No. Short term my portfolio was pennies. Held on and rode the wave back up. Today retired and still living in Hawaii.
@k.m.7351
@k.m.7351 4 года назад
Nice, if this ever happens I just have to remind myself that my stocks have real earnings, people need to buy the products that my companies sell.
@yanceyquyen9103
@yanceyquyen9103 3 года назад
Which stocks do you have in the portfolio? I am so nervous if another Black Swan happens and prepare to switch to safer stocks.
@Keys7
@Keys7 3 года назад
I am a new investor. You don't know how much this comment just inspired me. You have to be resilient and hang on until things get better... literally.
@fireballxl5768
@fireballxl5768 3 года назад
Yes hold on it will come back,only buy blue chip shares.
@TomSestilio
@TomSestilio 3 года назад
DIAMOND.HANDS.BAYB
@forex_shark6042
@forex_shark6042 4 года назад
500 billion dollars worth of capital didn't vanish. It was transferred and consolidated from people's life savings into the accounts of a handful of institutions.
@smokelord2002
@smokelord2002 2 года назад
And that sums up what the markets really are. A wealth transfer machine for the elite under the guise of a means for people to build wealth when its quite the opposite.
@STARMAN-it8zb
@STARMAN-it8zb 2 года назад
@@smokelord2002 I mean sure if you have toilet paper hands🧻 Or dont hedge your positions
@joshhpptz3447
@joshhpptz3447 2 года назад
Yeah but no one forced them to sell. So 🤷🏻‍♂️
@raaaaaaaaaam496
@raaaaaaaaaam496 2 года назад
@@smokelord2002 someone is bad at investing
@johnnytorres277
@johnnytorres277 2 года назад
Only if you sold. If you just rode it out, or better yet bought more during the dip, you was just fine.
@marlisamirabal
@marlisamirabal 21 день назад
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@TitaAnderson
@TitaAnderson 21 день назад
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
@softy-bf5eg
@softy-bf5eg 21 день назад
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@Fredia-fy2xt
@Fredia-fy2xt 21 день назад
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
@softy-bf5eg
@softy-bf5eg 21 день назад
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
@Fredia-fy2xt
@Fredia-fy2xt 21 день назад
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
@emilybrown2719
@emilybrown2719 Год назад
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $37500 this oct. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv.
@jenniferkyle6036
@jenniferkyle6036 Год назад
You have to get a financial-advsor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings
@FeliciaJudge
@FeliciaJudge Год назад
The 2008-09 crash saw markets fall, wiping out trillions of dollars around the world, but savvy investors recognized a once-in-a-lifetime buying power, with companies' stocks on the market at deep discounts. With markets recovering from the Great Recession, these investors realized tremendous gains from their assertive maneuvers. I'm no savvy-investor, but the one method I've relied on to gain rapidly during times like this is having an asset-coach guide me. It may sound cliche, but I've been able to pull off over $750k this year alone using just this single method.
@Patriciacraig599
@Patriciacraig599 Год назад
@@FeliciaJudge Please can you leave the info of your investment advisor here? I’m in dire need for one.
@FeliciaJudge
@FeliciaJudge Год назад
@@Patriciacraig599 Having a coach is key in a volatile market, My advisor is “Susan Agnes Hancock” You can easily look her up, she has years of financial market experience...
@emilybrown2719
@emilybrown2719 Год назад
@@FeliciaJudge I just looked up Susan Agnes Hancock online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call
@SayWhaaaaaaaaaaaaaaaaaaaaaaat
@SayWhaaaaaaaaaaaaaaaaaaaaaaat 5 лет назад
600 points :DDDDDD nowadays its dropping 600 points on daily basis. people should start talking percents not points.
@RockawayBeachNY
@RockawayBeachNY 5 лет назад
it was a big % drop not just a point drop
@RockawayBeachNY
@RockawayBeachNY 5 лет назад
23%
@Ronbo710
@Ronbo710 5 лет назад
@@RockawayBeachNY Exactly. He doesn't consider the volume.
@KhaledTheSaudiHawkII
@KhaledTheSaudiHawkII 5 лет назад
Watch 6:28 it says the dow was at record high of 2722
@hacker010010101
@hacker010010101 5 лет назад
exactly!
@syntheseyez3577
@syntheseyez3577 3 года назад
4:50 this man doesn't blink
@bluex610
@bluex610 3 года назад
Lol exactly what I was thinking...
@chrisstackhouse7749
@chrisstackhouse7749 3 года назад
1987: Down 22% in one day. It's the End Of The World! 2022: Hold my beer
@ws3157
@ws3157 2 года назад
July 2021 . .
@Francisco-bl9ny
@Francisco-bl9ny 2 года назад
@@ws3157 MMMMH....
@vmelecio1789
@vmelecio1789 2 года назад
Supposedly 50% or more.
@traceyspence5118
@traceyspence5118 2 года назад
😆 🤣 😂 😹 right
@krunaljrana3012
@krunaljrana3012 2 года назад
Whatever happens but I want massive bear market for long term,
@83jbbentley
@83jbbentley 2 года назад
1929 Depression 1987 Crash Dot-Com Bubble 2008 Housing Crash All in October
@lildic0146
@lildic0146 2 года назад
Interesting
@JaniceB1217
@JaniceB1217 2 года назад
Wow
@saketroy7914
@saketroy7914 2 года назад
March covid crash?
@shubham943
@shubham943 Год назад
Oct, 2022 another crash going to happen?
@briankarcher4418
@briankarcher4418 4 года назад
There are a few things to learn here. 1) Don't sell in a panic. 2) Look for stuff to buy when the opportunity arises.
@dicomohio4743
@dicomohio4743 3 года назад
I actually started investing seriously when the market crashed in 2020.i made so much money
@derrillyager7946
@derrillyager7946 3 года назад
3) Look at all the middle men sucking the value out.... Balanced by our tax dollars being loaned to Banks to shore up the value. Today most pension plans are invested in the stock market, are you okay with that?
@Stoneface_
@Stoneface_ 2 года назад
@@derrillyager7946 yep, I'm okay with it.
@thomasaquinas157
@thomasaquinas157 2 года назад
Keep some money set aside. I find the easiest time to do this is when a stock has been on a run and plateaued. At that time take most of your money out and monitor the stock price. Jump back in when you see it moving again.
@socalguy24
@socalguy24 2 года назад
3) Diversify
@Alejandracamacho357
@Alejandracamacho357 Год назад
Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@Robertgriffinne
@Robertgriffinne Год назад
That’s crazy, I’m just doing everything wrong with my portfolio
@PhilipMurray251
@PhilipMurray251 Год назад
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@marianparker7502
@marianparker7502 Год назад
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look I’ve netted over $850k in the past 10months.
@Robertgriffinne
@Robertgriffinne Год назад
@@marianparker7502 That does make alot of sense, good for you though, unlike us, you seem to have the Mrkt figured out.
@PhilipMurray251
@PhilipMurray251 Год назад
​@@Robertgriffinne Believe it or not I’m as new to the market as it gets, only thing I do is basically follow the footsteps of an investment-advisrr that guides me, her name is CORINNE CECILIA HEANEY, she’s a quite known advisr, so you can googel and read on her.
@jonathangonzalez3827
@jonathangonzalez3827 4 года назад
*coronavirus has entered the chat*
@STXRBOY999
@STXRBOY999 4 года назад
Jonathan Gonzalez lmao
@FusionTechCinema
@FusionTechCinema 4 года назад
Haha wow you’re so funny I wish I could be like you
@angusmeigh5141
@angusmeigh5141 4 года назад
I reckon that the global lockdown to stop the spread of the corona virus will cause a massive global recession soon.
@kateoloughlin8774
@kateoloughlin8774 3 года назад
@@angusmeigh5141 You are correct Angus. This is going tobe a word wide nightmare no matter how well you are prepared. Stay safe. Kind regards from Ireland. Kate 👱‍♀️💕💕
@stocktawk
@stocktawk 3 года назад
Hahahaha
@SIE44TAR
@SIE44TAR 6 лет назад
6:56 "This was an era when we still thought news was relevant" So true!
@michaelblack9776
@michaelblack9776 5 лет назад
LOL
@scottielambert9312
@scottielambert9312 4 года назад
Only irrelevant to people who have their nose buried in screens.
@correctionguy7632
@correctionguy7632 4 года назад
@@scottielambert9312 ok boomer
@kievanrus9434
@kievanrus9434 4 года назад
The only relevant news that's mattered for the most part for the last 20 years is "what will the Fed do." But for how much longer?
@matthewcastillo9951
@matthewcastillo9951 4 года назад
I wasn’t even aware there was a stock market crash in 1987. I was just graduating high school.
@corrySledd
@corrySledd 8 месяцев назад
Despite the fact that stock prices fluctuate, what is the best method for capitalizing on the current market? I'm still undecided about investing $400k in my stock portfolio.
@AUstinnesc
@AUstinnesc 8 месяцев назад
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
@sheltonPston
@sheltonPston 8 месяцев назад
I was recently through an investing nightmare during the crash in march 2020. With the assistance of my advisor I have so far grown my dwindling portfolio of $145k to $480k
@corrySledd
@corrySledd 8 месяцев назад
How can one get a decent investment advisor? I wouldn’t mind getting in touch with yours. In few years I will retire and my portfolio will definitely need some management.
@sheltonPston
@sheltonPston 8 месяцев назад
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@corrySledd
@corrySledd 8 месяцев назад
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@JoeGess
@JoeGess 2 года назад
RU-vid: Yeah, you're gonna need this soon.
@Siegefya
@Siegefya Год назад
508 points, imagine if you were short that day and just trailed it down...508 points down is a killer trade.
@kylebroussard5952
@kylebroussard5952 3 года назад
" *The Federal Reserve's strategy has failed* " YOU DON'T SAY
@timazbill7746
@timazbill7746 2 года назад
Buy Some Satoshi
@Stoneface_
@Stoneface_ 2 года назад
@@timazbill7746 bitcoin is a joke
@CasparOgden
@CasparOgden 7 месяцев назад
What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.
@AddilynTuffin
@AddilynTuffin 7 месяцев назад
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
@DanielPanuzi
@DanielPanuzi 7 месяцев назад
The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.
@albacus2400BC
@albacus2400BC 7 месяцев назад
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
@louis71350
@louis71350 7 месяцев назад
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@alexsandhu1169
@alexsandhu1169 7 месяцев назад
Diversify
@Calvin-xp4qp
@Calvin-xp4qp Год назад
Back in '87, I'll never forget my high school economics teacher started class by stating, "I'm done". It's a memory I'll never forget
@OKBgosh
@OKBgosh Год назад
This is fascinating. Could you describe more about your day with that teacher? And how your parents were acting, etc.?
@jpandyaraja
@jpandyaraja 2 года назад
i will never forget this day....it was the day i lost everything and went into massive debt
@supershadowan
@supershadowan 4 года назад
1987: Black Monday 2020: Hold my Corona
@Keys7
@Keys7 3 года назад
Lmao
@BrianSmith-yq7ys
@BrianSmith-yq7ys 3 года назад
When I saw corona going down with the Chinese factories shutting down I moved my entire 401k to bonds. I was heavily critiqued by my friends and family. I held bonds from 29,000 to 19,000 when it went back up to 23,000 I fully bought back in. Think I added $75,000 to my 401k with that maneuver. All the financial mistakes I made over the years were made up by that. Probably will never happen again guessing the market the way I did.
@jamescooper1848
@jamescooper1848 3 года назад
Hold your GME stonks ;)
@admiralgeneral1703
@admiralgeneral1703 3 года назад
Where 2008 and 2014
@shubham943
@shubham943 Год назад
2022 - Bear The Inflation
@imgone54321
@imgone54321 2 года назад
The worst crash is coming.
@BANDIT2DAY
@BANDIT2DAY 4 года назад
I was a senior in high school when this happened. I remember waking up and turning on the TV. It was the big news story of the day. Didn’t think anything of it. It didn’t affect my life whatsoever. 2008 was a much more devistating crash.
@kennymichaelalanya7134
@kennymichaelalanya7134 4 года назад
*knock knock* It's me 2020 I got news for you....
@FakeMarket
@FakeMarket 2 года назад
It didn't effect you because you didn't know what it meant back then, same as me. I know understand the impact of a crash in the market. That's why I have other small investments for myself. And other things.
@detyelram2819
@detyelram2819 2 года назад
wait till 2022
@georgepagotelis
@georgepagotelis 2 года назад
What about now 2022?
@josephgaona1996
@josephgaona1996 2 года назад
@@kennymichaelalanya7134 knock knock you were 2 years 2 early
@jeromecarrier8094
@jeromecarrier8094 8 лет назад
''In the business world, the rearview mirror is always clearer than the windshield of future''- Warren Buffet.
@uselesscause6128
@uselesscause6128 6 лет назад
You did well. The future may be different. An issue occurs when a crash happens and people are older. They may not be able to live long enough to recoup what they planned on for retirement. Location, Location, Location for real estate. Timing, Timing, and Timing for recovery of stocks. When America's baby boomer generation hits retirement en masse we face an additional issues. I don't know of a precedent for this combo.
@habkenubai8200
@habkenubai8200 5 лет назад
That's pretty much the case for anything.
@skinnymayo
@skinnymayo 4 года назад
Habke Nubai o
@2videosilike
@2videosilike 4 года назад
@@josephli3561 Speaking of 2020
@nobodya3
@nobodya3 4 года назад
@@josephli3561 are you a time traveler?
@dougyshl
@dougyshl 4 года назад
“Hold my white claw” -2020
@rickyailion9751
@rickyailion9751 4 года назад
sosodef this aged well
@TheMactabanoye
@TheMactabanoye 4 года назад
@@rickyailion9751 I can't tell if you're being sarcastic or genuine because on one hand, sosodef's comment is on the nose but on the other hand, it could have been, and still could be, a lot worse than last week!
@jc.1191
@jc.1191 4 года назад
@@TheMactabanoye like this week
@davidjackowski4336
@davidjackowski4336 4 года назад
Can I hire you to manage my portfolio?
@gohan7104
@gohan7104 4 года назад
@The deep South the market had to drop eventually and a fucking virus did it lmaooo
@furryp2402
@furryp2402 3 года назад
I was in my 20's and had several thousand in mutual funds. Monday hits and the crash takes it's toll. One of my mutual funds switched to cash after Monday and I never made my money back. How dumb was that?
@eliwilterdink
@eliwilterdink Год назад
Always hold
@Zaycream21
@Zaycream21 4 года назад
Who's watching in March 2020 right after we saw the biggest drop in history followed by the biggest increase in history today?
3 года назад
Zaycream21 how it looks like now the Nasdaq is down 10%?
@user-pc7ef5sb6x
@user-pc7ef5sb6x 3 года назад
Did you buy the dip? Always buy the dip
@thund3rstruck
@thund3rstruck 3 года назад
These little crashes seem so quaint today, especially after having lived through 3 "once-in-a-lifetime" crashes and subsequent bear markets since the year 2000.
@93kk0
@93kk0 3 года назад
The 1987 crash is still the biggest single-day decline in stock market history.
@jongoth
@jongoth 2 года назад
@@93kk0 not if you’re a crypto trader. We call this type of thing ‘Tuesday’ 🤣
@carroyo911
@carroyo911 3 года назад
I was completely oblivious of this crash. In fact, 1987 and 1988 were two of the best financial years of my life. In 1987 I bought a new car, (which I still drive to this day), and in 1988 I bought my first condo home and completely new furnishings. I still have and use those same furnishings. I'm sure they don't make them like they used to...
@NoOne-hv1wz
@NoOne-hv1wz 3 года назад
Wow what car?
@madwatermelon1316
@madwatermelon1316 3 года назад
It's strange how the 87 crash wasn't immediately followed by a huge recession like 1929 and 2008. The downturn in 1990-1992 was mainly due to the S&L crisis and the gulf war.
@jeshkam
@jeshkam 3 года назад
@@NoOne-hv1wz Yeah, I'd love to know that too.
@Frank-bg6xz
@Frank-bg6xz 2 года назад
@@jeshkam probably Mercedes w126 or an sl
@chrispaul1117
@chrispaul1117 2 года назад
no one cares
@RUdigitized
@RUdigitized 3 года назад
This is how I feel when I lose 60 dollars in one day on my ira
@johnschmid2316
@johnschmid2316 3 года назад
Tha k God I thought I was the only one
@CountSessine
@CountSessine 4 года назад
I loved this - this is a pretty cool production you guys put together.
@Ktctwin
@Ktctwin Год назад
The thought of being a trader and watching this gives me goosebumps. Watch folks it's coming again.
@itsme-rt7nz
@itsme-rt7nz 3 года назад
I was working in the cash management dept of a large company. We watched the market crash in real time on our Tellerate machine which was state of the art then. I went to school after work, and tried to study at the SUB before my class, but I couldn't because I knew the sky was falling. I looked around and was amazed that everyone was just going about their lives as normal. No one else seemed aware that the world was ending.
@radar0412
@radar0412 2 года назад
Tech stocks took a pretty good hit. My company Texas Instruments sold for about $200 a share in 1987, then melted down to around $24. It finally stopped retesting $24 in 1991. After that it pretty much kept rocketing up for the next 9 years.
@baba10ye
@baba10ye 2 года назад
Interesting
@baba10ye
@baba10ye 2 года назад
What did you do? That is a 3 years for down trends?
@Ken_griffin1963
@Ken_griffin1963 Год назад
give me some insider info
@danielcyr6489
@danielcyr6489 Год назад
reminds me of 2022 buy 500 now 45
@ParodyWhitney
@ParodyWhitney Год назад
Texas Instruments is your company? Wow! I used those calculators in college.
@cato451
@cato451 4 года назад
this is the event that made me start learning about the stock and bonds markets
@paulsharkey6673
@paulsharkey6673 5 лет назад
I became a Broker in Aug 1987. I remember people crying in my office this day. Me....I was on the phone cold calling, screaming at all the Brokers to get on the phone and have some balls. Man, looking back on that I laugh. Even then, at 20 yrs old, I was relentless in my passion for the stock market. It's 2018, and I'll still a trader. I never stopped.
@dizzydwarf2366
@dizzydwarf2366 5 лет назад
Weird flex but ok
@enonymuz8627
@enonymuz8627 5 лет назад
Cool story!
@davidtrindle6473
@davidtrindle6473 4 года назад
Bully for you
@linmal2242
@linmal2242 4 года назад
At least you're consistent!
@TheNameIsFreddy
@TheNameIsFreddy Год назад
How do you work as a broker as a 20 year old
@stillstyle
@stillstyle 3 года назад
13:11 as we have learned in the GME fiasco, even with modern "electronic" trading, a broker or Market Maker can absolutely stop sales
@Hood.Housekeeping
@Hood.Housekeeping 3 года назад
They did worse they stopped buys with gme and robbed the little guys to make sure the big guys didn't go broke.
@thestockpilellc4022
@thestockpilellc4022 2 года назад
When he said no one was talking about it at the diner and it must just be confined to his own little world, I felt that. Trading consumes, it's good to step away from time to time.
@dantedlane2
@dantedlane2 Год назад
Only recently has anyone spoke of this crash
@DeeegerD
@DeeegerD 5 лет назад
Love at the end where they start saying how stable the markets are now LMFAO!
@fiddlepants5947
@fiddlepants5947 4 года назад
This video was uploaded in 2015. Of course, the markets were stable back then... retrospectively
@rokyericksonroks
@rokyericksonroks 4 года назад
“Before the markets open, NYSE Chairman John Phelan imposes a moratorium on computer trading” (25:38)
@johnpalma7265
@johnpalma7265 3 года назад
Digger D : Kind of have to agree, there will probably always be corrections and BEAR markets, it's just a matter of how bad it gets and how long it lasts.
@mkrull1
@mkrull1 2 года назад
This was basically a commercial for this company. It was the same guys talking. Love the guy in that hat. He’s like Sam Kinison
@timetravela890
@timetravela890 2 года назад
@@mkrull1 I thought that too. Was hoping he'd scream like Sam. Buy! Buy! Lol
@Lee-fi4vo
@Lee-fi4vo 2 года назад
"This was the era when we thought the news was relevant." Relevant.
@jackwhite6030
@jackwhite6030 2 года назад
LOL to this day you can always fade the Chicago Tribune Business Section stories.....their stories have never been relevant but to fade.....LOL Mercy!
@flilguy
@flilguy 4 года назад
I was born in 1969 and I don't hold the memory that the economy was that great in the 1980s. My parents farmed and that did not go well. My first job off the farm was retail. When the stock market crashed the company lost it's operating capital. Our stock became "junk bond." status. They ended up selling the company to a competitor's retired CEO. The company basically juggled its books for 2 years and declared bankruptcy in 1989. They try to downplay the stock market crash of 1987 and the Saving and Loan collapse as insignificant events that happened. Although not everyone faired well in trickle-down economics.
@coffelt683
@coffelt683 Год назад
the vast majority of people didn't fair well. Since the 1980's the average American works significantly more hours for significantly less pay with significantly more debt even when adjusted for inflation and the trend gets worse almost every single year since.
@Spido68_the_spectator
@Spido68_the_spectator 2 месяца назад
Trickle down economics are a failure (or just outright wrong assessment of how a capitalist economy works). Look at productivity vs wages in the USA. Wages stopped following productivity starting from the late 1970s
@OakhillSailor
@OakhillSailor 8 лет назад
the back ground music is really unnecessary does anyone feel the same way?
@Saint696Anger
@Saint696Anger 7 лет назад
it has a persuading effect on ones emotions...
@drsjamesserra
@drsjamesserra 5 лет назад
OakhillSailor yes, it adds some emotion, but not the one that should be added.
@ARichardP
@ARichardP 5 лет назад
Yes
@cryp0g00n4
@cryp0g00n4 5 лет назад
hmm... didn't notice
@spacegaiden
@spacegaiden 5 лет назад
it fits the vibe of the era quite well actually, certainly not how todays version would sound for sure but it does match the time in my opinion. numbers were not so big back then!! like, people had not lost their minds yet! haha
@dougg4633
@dougg4633 2 года назад
I remember my Civics teacher freaking out that day. Literal running from classroom to pay phone all day
@chadj.w.anderson5473
@chadj.w.anderson5473 5 лет назад
Excellent stock market documentary guys!
@tensevo
@tensevo 6 лет назад
If you speak to anyone for long enough, at some point they will tell you how they changed the world or saved us from the brink of disaster, yet nobody really claims responsibility for causing said disaster.
@submechanophobia768
@submechanophobia768 2 года назад
Let me tell you my story, all true. Years ago way out in the bush i encountered an alien space ship and was captured. One of them spoke English and told me they were going to destroy life on earth by deploying gamma ray satellites. I summoned up the most heartfelt reasons why they should not and, even though humanity will probably end up destroying itself, we deserve a chance to survive to beat the odds. They listen intensely at my argument and with a short reply said, OK. They let me go and flew off back into outer space. That day I saved the world.
@TheGasTap
@TheGasTap 4 года назад
Great history lesson. Thanks for sharing!
@bradnic88802
@bradnic88802 4 года назад
Great Doco guys. Well done !
@ThedudeMMXlll
@ThedudeMMXlll 4 года назад
Very informative n nice trip back to the past. Love it. Thnk you.
@patrickvoss6733
@patrickvoss6733 5 лет назад
The clip of the yelling dude at 12:36 is from the 2010 flash crash
@Mrbfgray
@Mrbfgray 6 лет назад
Fascinating. Love these sorts of market history dissections. I lived through this and didn't even know it. lol
@throwaway9347
@throwaway9347 Год назад
@@ezicarus8216 short or inverse etfs. always an opportunity.
@johnargus9081
@johnargus9081 4 года назад
So one guy nobody ever heard of stopped the whole financial system from collapsing.
@investorbettor505
@investorbettor505 Год назад
Only 5 minutes in and I can tell this is a really good video. Education and experience through others experiences is power my friends
@FAHRENHEIT-gj4ng
@FAHRENHEIT-gj4ng 3 года назад
17:19 112 million shares lost in the system lol.. I think those were shares that didnt even exist and this is an early case of naked shorting being documented..
@mrberry7950
@mrberry7950 8 лет назад
That was good. Very informative.
@jeromecarrier8094
@jeromecarrier8094 8 лет назад
+Mr Berry I agree! It's most impressive documentary!!! Thank you for sharing!
@livetheempoweredlife
@livetheempoweredlife 8 лет назад
This is awesome! Very well done!
@MK-rk4no
@MK-rk4no 2 года назад
Love the happy music playing in the background of this sad story.
@cherylcampbell7495
@cherylcampbell7495 5 лет назад
My father in laws hair turned completely white. He lost everything..horrible. I was glad I didn’t have much to lose.
@jellyfishattack
@jellyfishattack 6 лет назад
I remember watching Wall $treet Week with Louis Rukeyser after this when I was 15. That episode is still available on YT. I remember Lou telling his viewers not to panic, not to sell, and that this would not be like 1929, that the markets would recover; and they did, good old Lou.
@jasondashney
@jasondashney 4 года назад
Forget hold, it was a great opportunity to add to positions.
@djack915
@djack915 4 месяца назад
Great info !!🎉
@SwingFish
@SwingFish 6 лет назад
this is a Wonderful production and illustration of reality!
@ceejaydeesoozaa
@ceejaydeesoozaa 6 лет назад
really good presentation.. thanks
@Its_Might
@Its_Might 2 года назад
Money doesn't just vanish, it switches hands.
@shanenolan85
@shanenolan85 2 года назад
💯💯💯
@marysmith3710
@marysmith3710 2 года назад
Exactly. Where did the money go?
@moons4768
@moons4768 Год назад
The quiet one took it all
@doramason
@doramason 4 года назад
moral of the story; FED intervened and fucked things up. It was the market itself that solved the problem. Don't forget, there is always a buyer at the correct price. People don't turn away the chance to make money.
@soysaucelab
@soysaucelab Год назад
Im here getting ready for the best opportunity ever since the housing crash of 07-09. Im ready to get wealthy!
@hogo5384
@hogo5384 6 лет назад
thank you for upload
@mikescarborough4285
@mikescarborough4285 4 года назад
As of today July 29th, 2019, the DJIA closed at 27,221.35. For the equivalent percentage of what transpired in 1987 to today, the DOW would have closed at 21, 069.32. Thats over a 6000 point drop. That is ASTRONOMICAL.
@justinfay3011
@justinfay3011 4 года назад
We’re below that now
@foxxygearreviews7754
@foxxygearreviews7754 2 года назад
@@justinfay3011 and as of nov 1 2021 you’re at 35913 - I think it’s probably best not to panic and continue value investing.
@mmm-cake
@mmm-cake 3 месяца назад
$DJI, $38,927 Monday 2/12/24 new all time high. The following day, (Tues.) dropped to $38,039.
@DerekMaullin
@DerekMaullin 6 лет назад
i recall being outside the melbourne exchang and met a friend who said 'that the last 2 years saving gone' i also recall the australian fall was twice the us
@Nlyc.1
@Nlyc.1 2 года назад
The fact that this video is being recommended to me now in 2021😶
@thedemotrader7570
@thedemotrader7570 3 года назад
thank you, I enjoyed that
@joycekoch5746
@joycekoch5746 5 лет назад
The 1987 crash was not really a crash but only a minor correction. I recall being in college at the time and hearing the news and my economics teacher made fun of the crash and stated it was a glitch and the market would be back at it's current level in a few weeks. Turned out he was right. When we later asked him how he knew this he simply stated ignore what the market is doing and ask yourself is the economy fundamentally sound and if the pe ratios make sense or not and what the debt levels are of the nation in question.
@linmal2242
@linmal2242 4 года назад
That then makes you wonder about the current debt levels of the nation as a whole. Have a look at the 'Debt Clock' on YT
@sushimamba4281
@sushimamba4281 4 года назад
I think 1987 it took about 2 years to recover. I think the lesson was to hang on, as markets recover over time. I should have... but didn't!
@jc.1191
@jc.1191 4 года назад
That can be all fine and dandy, but sometimes you don't know. Like a liquidity event.
@oliverclothesoff4142
@oliverclothesoff4142 4 месяца назад
Well the debt levels now are astronomical ☕️
@angusmeigh5141
@angusmeigh5141 4 года назад
The 1980s were a great time and the music in general was a lot better.
@mayruthhenzerling1648
@mayruthhenzerling1648 3 года назад
LOVE the 80's! It was the best times for me too.
@MarkusPro
@MarkusPro Год назад
I can't believe this material is here... thanks for share this .
@harryparker9452
@harryparker9452 5 лет назад
The narrative was wrong, the crash was due to computerized selling triggers. Once one system issued a sell, they would all start selling. The computer program was designed around very basic scenarios which did not reflect real life. Therefore it failed. As you can see afterwords the market indexes returned to their normal levels once the computer systems were turned off and manual processes resumed. Even in the 80s the software and hardware were very primitive. Imagine running a 1980s 10-12 megahertz CPU vs 4 gigahertz CPU today.
@michaelblack9776
@michaelblack9776 5 лет назад
Yep. This crash was almost entirely computer-caused. Nothing even vaguely similar to 2008.
@kingstonnine2393
@kingstonnine2393 2 года назад
Glad you said that cos I was thinking I had misremembered the cause.
@herisuryadi6885
@herisuryadi6885 Год назад
I think the video did highlight that
@alexw8174
@alexw8174 2 года назад
AMC/GME Diamond hands only goes up
@Underhills
@Underhills 4 года назад
History will repeat itself. Just like it did in 1987.
@markovirtanen9600
@markovirtanen9600 4 года назад
Yes! It happens NOW!
@JJ-yeah
@JJ-yeah 4 года назад
Well said 03/16/2020
@TheOfficialRandomGuy
@TheOfficialRandomGuy 4 года назад
A crash that only last for a day, then recovers? I’ll take that.
3 года назад
Random Guy I’m sure this guy BC didn’t buy shit and now he’s waiting for another crash that will never happen lol
@Blessinsz
@Blessinsz 3 года назад
@@JJ-yeah yeah Ummm wb now lmao
@donaldwilson6338
@donaldwilson6338 2 года назад
Markets are controlled by a select few. Cash doesn’t just vanish (doesn’t go to money heaven) just gets transferred to those select few winners, and those losers walk away with major losses.
@verygrateful007
@verygrateful007 2 года назад
This is excellent!
@blackworldtraveler3711
@blackworldtraveler3711 7 лет назад
I remember that. Just just started my 401k that summer. I think the Dow was about 1200. Just left it alone and kept reinvesting while others bailed out and sold. As of yesterday my Roth 401k is about 1.2 million. I also bought 3 shares of Berkshire Hathaway back then for about $6k I think. And my ExxonMobile has doubled to around 23k shares and several thousand percent return with the growth,splits,and dividend reinvestments.
@sk00lb0y
@sk00lb0y 6 лет назад
BlackWorldTraveler Probably 1.5 million now I bet, nice work and congratulations. Isn't compounding interest in your favor a wonderful thing?
@xidropkillzx3246
@xidropkillzx3246 6 лет назад
BlackWorldTraveler if your still active can you please reply ?
@Harihar_Patel
@Harihar_Patel 6 лет назад
God fucking bless america.
@uselesscause6128
@uselesscause6128 6 лет назад
You did well. The future may be different. An issue occurs when a crash happens and people are older. They may not be able to live long enough to recoup what they planned on for retirement. Location, Location, Location for real estate. Timing, Timing, and Timing for recovery of stocks. When America's baby boomer generation hits retirement en masse we face additional issues. I don't know of a precedent for this particular combo.
@Mynymd
@Mynymd 6 лет назад
It sounds good but it's not really for an average Joe. Based on my calculation, DJ from 1987's crash to today (02/28/18) has increased 8.95% apr. Assuming average inflation 3.5%, you had to invest consistently $1,250 per month or $15K per year today's money for the last 31 years in order to come up with $1.2 million. It's a lot of money!
@vm1618
@vm1618 5 лет назад
Great work!!! Thanks for this nice documentary
@gelasio88
@gelasio88 3 года назад
youtube algo preparing me for the 2020 stock market election crash
@Voltaire805
@Voltaire805 5 лет назад
"Hold my beer" -2019
@acman131
@acman131 5 лет назад
It will be 2020
@dividendincome9685
@dividendincome9685 4 года назад
It’s not going to be 2019, massive corporate debt is due towards 2021
@user-pt3bv3jl3v
@user-pt3bv3jl3v 4 года назад
Whenever it happens, if you hold an inverse etf position you'll be fine.
@ProfAskia
@ProfAskia 4 года назад
Sure. But it maybe a little warm when I give it back to you. Cheers.
@jeffmaggard3694
@jeffmaggard3694 4 года назад
Probably won’t ever happen.
@celticlofts
@celticlofts 4 года назад
I'm glad I own my house and have no mortgage. The stock market is just a scam where someone convinces you that you can have something for nothing and they give you nothing for something.
@tragicslip
@tragicslip 4 года назад
you are buying the productive potential of a company when you purchase it shares. that aint nothing unless the company produces at a deficit (something a look over the balance sheet exposes). i own my house too.
@linmal2242
@linmal2242 4 года назад
@@tragicslip Well said T. Ditto on housing, so that could be your next best investment, pay back your mortgage. Retire debt, live frugaly, be thrifty and save but you can buy wonderful companies if you do your homework like Mr Buffet did when he was young. He researched and bought well, but he knew what he was buying because he studied his targets well!
@Nessal83
@Nessal83 4 года назад
I also own my house and have no mortgage and you have no idea what you are talking about.
@brockdaniel2458
@brockdaniel2458 4 года назад
They throw a lot of Gang signs up. 😂👍🏼
@Jett4you
@Jett4you 6 лет назад
Fantastic !
@jakichan4
@jakichan4 2 года назад
Watching this 23/01/22 - This coming week will be interesting to say the least!
@thomaslivingstone6734
@thomaslivingstone6734 4 года назад
When they start talking about closing the markets it’s time to buy
@ssweeps
@ssweeps 4 года назад
I remember an investmemt/insurance man telling my father to invest everything we had in the stock market right away. Best advice EVER...
@conorm2524
@conorm2524 4 года назад
During the crash?
@kylepieschl456
@kylepieschl456 2 года назад
@@conorm2524 Best time to invest! Bargain prices! Same thing with 2008. I put money in then. No regrets!
@Tyrunner0097
@Tyrunner0097 2 года назад
@@conorm2524 Yup. The best opportunity to buy low, since the market's inevitability going to go back up.
@cocoduck7745
@cocoduck7745 2 года назад
no the best opportunity to this day has to be Bitcoin, it shattered everyone's expectations hundred folds.
@waylonmccrae3546
@waylonmccrae3546 Год назад
In these days & times ...... I'm Investing In LEAD !!
@mixtoure
@mixtoure Год назад
Such a great documentary
@adamsmith607
@adamsmith607 Год назад
As NOT a certified math-surgeon - I have to say I found this v. very informative entertaining - pls keep it up 🚀
@prakash2187
@prakash2187 2 года назад
When is this gonna happen again? Inflation all time high, bubbles everywhere
@tek6423
@tek6423 4 года назад
One of the best documentaries I’ve seen on RU-vid
@mattyhaha1171
@mattyhaha1171 2 года назад
This was a wonderful film!!
@beakybuschino
@beakybuschino 8 лет назад
awesome video
@johnmelikoff826
@johnmelikoff826 5 лет назад
I owned puts on that day. I saw the market WAS DOWN SERIOUSLY , So I entered orders to sell the puts . They were OEX puts. They were deep in the money by hundred of points. I expected to get paid $100-$200 per put. Instead I got filled 3 days later for the same price I had paid for the puts. Yes $5-$10.
@jc.1191
@jc.1191 4 года назад
Lame!
@SergiMedina
@SergiMedina 3 года назад
I watch documentaries like this when I get FOMO. And I'm always reading good investing books.
@jongoth
@jongoth 2 года назад
Well I YOLO all my cash on meme coin calls 🤣
@stacey7529
@stacey7529 Год назад
This is interesting. I was a little kid at the time so I never knew about this.
@alexj7700
@alexj7700 6 лет назад
What pricked that stock market bubble was rising interest-rates due to wider budget deficits and wider trade deficits. Crazy thing is, we have bigger deficits today, but with budget and trade.
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