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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Пікірлер: 1 600

  • @RuthEvelyn-rc3bg
    @RuthEvelyn-rc3bg7 күн бұрын

    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

    7 күн бұрын

    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

    7 күн бұрын

    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

    7 күн бұрын

    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

    7 күн бұрын

    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

    7 күн бұрын

    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
    @daveseah1233 жыл бұрын

    1987: -22% omg it's the end 2021: -60% meh diamond hands

  • @ryanvincent6519

    @ryanvincent6519

    2 жыл бұрын

    HODL, BTFD, _____ to the Moon. 🤣

  • @ChipsMcC

    @ChipsMcC

    2 жыл бұрын

    My Cryptos: -95% Me: puts back in original investment, and promises not to diamond hands. *diamond hands anyway

  • @tombsandtemples

    @tombsandtemples

    2 жыл бұрын

    This is very very true

  • @andso7068

    @andso7068

    2 жыл бұрын

    Burry was down -114% with his shorts in 2006. Goes to show that DD and patience really pays off.

  • @Baghuul

    @Baghuul

    2 жыл бұрын

    Dudes couldn't handle the FUD back then.

  • @LordDirus007
    @LordDirus0074 жыл бұрын

    Now I trade stock sitting on my toilet

  • @lynnknaak5890

    @lynnknaak5890

    3 жыл бұрын

    Beautiful

  • @whatmakesyourday

    @whatmakesyourday

    3 жыл бұрын

    ‘Merica.... 🥲

  • @theaccountant5846

    @theaccountant5846

    3 жыл бұрын

    I just shorted ARK on the shitter...

  • @isoSw1fty

    @isoSw1fty

    3 жыл бұрын

    Same and its glorious

  • @fernando4life

    @fernando4life

    2 жыл бұрын

    Same🔥🔥🔥🔥

  • @scribbledribble6226
    @scribbledribble62263 жыл бұрын

    Safe to say those people didn’t have diamond hands

  • @conormcgregor.7333

    @conormcgregor.7333

    3 жыл бұрын

    lol

  • @dicomohio4743

    @dicomohio4743

    3 жыл бұрын

    I didn't realize how common paper hands were back then

  • @houstondogbehaviorandtrain5430

    @houstondogbehaviorandtrain5430

    3 жыл бұрын

    Buy the dip

  • @mish130

    @mish130

    3 жыл бұрын

    @@houstondogbehaviorandtrain5430 The problem is always identifying whether you're at the dip, or half way down the slope ;)

  • @videosuperhighway7655

    @videosuperhighway7655

    3 жыл бұрын

    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.

  • @GerardHawaii
    @GerardHawaii4 жыл бұрын

    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 жыл бұрын

    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

    4 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    Yes hold on it will come back,only buy blue chip shares.

  • @TomSestilio

    @TomSestilio

    3 жыл бұрын

    DIAMOND.HANDS.BAYB

  • @forex_shark6042
    @forex_shark60424 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    @@smokelord2002 I mean sure if you have toilet paper hands🧻 Or dont hedge your positions

  • @joshhpptz3447

    @joshhpptz3447

    2 жыл бұрын

    Yeah but no one forced them to sell. So 🤷🏻‍♂️

  • @raaaaaaaaaam496

    @raaaaaaaaaam496

    2 жыл бұрын

    @@smokelord2002 someone is bad at investing

  • @johnnytorres277

    @johnnytorres277

    2 жыл бұрын

    Only if you sold. If you just rode it out, or better yet bought more during the dip, you was just fine.

  • @Raymondjohn2
    @Raymondjohn25 ай бұрын

    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 ай бұрын

    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 ай бұрын

    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 ай бұрын

    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 ай бұрын

    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 ай бұрын

    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.

  • @emilybrown2719
    @emilybrown2719 Жыл бұрын

    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

    Жыл бұрын

    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

    Жыл бұрын

    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

    Жыл бұрын

    @@FeliciaJudge Please can you leave the info of your investment advisor here? I’m in dire need for one.

  • @FeliciaJudge

    @FeliciaJudge

    Жыл бұрын

    @@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

    Жыл бұрын

    @@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
    @SayWhaaaaaaaaaaaaaaaaaaaaaaat5 жыл бұрын

    600 points :DDDDDD nowadays its dropping 600 points on daily basis. people should start talking percents not points.

  • @RockawayBeachNY

    @RockawayBeachNY

    5 жыл бұрын

    it was a big % drop not just a point drop

  • @RockawayBeachNY

    @RockawayBeachNY

    5 жыл бұрын

    23%

  • @Ronbo710

    @Ronbo710

    5 жыл бұрын

    @@RockawayBeachNY Exactly. He doesn't consider the volume.

  • @KhaledTheSaudiHawkII

    @KhaledTheSaudiHawkII

    5 жыл бұрын

    Watch 6:28 it says the dow was at record high of 2722

  • @hacker010010101

    @hacker010010101

    5 жыл бұрын

    exactly!

  • @chrisstackhouse7749
    @chrisstackhouse77493 жыл бұрын

    1987: Down 22% in one day. It's the End Of The World! 2022: Hold my beer

  • @ws3157

    @ws3157

    2 жыл бұрын

    July 2021 . .

  • @Francisco-bl9ny

    @Francisco-bl9ny

    2 жыл бұрын

    @@ws3157 MMMMH....

  • @vmelecio1789

    @vmelecio1789

    2 жыл бұрын

    Supposedly 50% or more.

  • @traceyspence5118

    @traceyspence5118

    2 жыл бұрын

    😆 🤣 😂 😹 right

  • @krunaljrana3012

    @krunaljrana3012

    2 жыл бұрын

    Whatever happens but I want massive bear market for long term,

  • @83jbbentley
    @83jbbentley2 жыл бұрын

    1929 Depression 1987 Crash Dot-Com Bubble 2008 Housing Crash All in October

  • @lildic0146

    @lildic0146

    2 жыл бұрын

    Interesting

  • @JaniceB1217

    @JaniceB1217

    2 жыл бұрын

    Wow

  • @saketroy7914

    @saketroy7914

    2 жыл бұрын

    March covid crash?

  • @shubham943

    @shubham943

    2 жыл бұрын

    Oct, 2022 another crash going to happen?

  • @marlisamirabal
    @marlisamirabal24 күн бұрын

    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

    24 күн бұрын

    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

    24 күн бұрын

    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

    24 күн бұрын

    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

    24 күн бұрын

    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

    24 күн бұрын

    I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

  • @syntheseyez3577
    @syntheseyez35773 жыл бұрын

    4:50 this man doesn't blink

  • @bluex610

    @bluex610

    3 жыл бұрын

    Lol exactly what I was thinking...

  • @briankarcher4418
    @briankarcher44184 жыл бұрын

    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 жыл бұрын

    I actually started investing seriously when the market crashed in 2020.i made so much money

  • @derrillyager7946

    @derrillyager7946

    3 жыл бұрын

    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 жыл бұрын

    @@derrillyager7946 yep, I'm okay with it.

  • @thomasaquinas157

    @thomasaquinas157

    2 жыл бұрын

    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 жыл бұрын

    3) Diversify

  • @SIE44TAR
    @SIE44TAR6 жыл бұрын

    6:56 "This was an era when we still thought news was relevant" So true!

  • @michaelblack9776

    @michaelblack9776

    5 жыл бұрын

    LOL

  • @scottielambert9312

    @scottielambert9312

    4 жыл бұрын

    Only irrelevant to people who have their nose buried in screens.

  • @correctionguy7632

    @correctionguy7632

    4 жыл бұрын

    @@scottielambert9312 ok boomer

  • @kievanrus9434

    @kievanrus9434

    4 жыл бұрын

    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 жыл бұрын

    I wasn’t even aware there was a stock market crash in 1987. I was just graduating high school.

  • @jonathangonzalez3827
    @jonathangonzalez38274 жыл бұрын

    *coronavirus has entered the chat*

  • @STXRBOY999

    @STXRBOY999

    4 жыл бұрын

    Jonathan Gonzalez lmao

  • @FusionTechCinema

    @FusionTechCinema

    4 жыл бұрын

    Haha wow you’re so funny I wish I could be like you

  • @angusmeigh5141

    @angusmeigh5141

    4 жыл бұрын

    I reckon that the global lockdown to stop the spread of the corona virus will cause a massive global recession soon.

  • @kateoloughlin8774

    @kateoloughlin8774

    3 жыл бұрын

    @@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 жыл бұрын

    Hahahaha

  • @JoeGess
    @JoeGess2 жыл бұрын

    KZread: Yeah, you're gonna need this soon.

  • @kylebroussard5952
    @kylebroussard59523 жыл бұрын

    " *The Federal Reserve's strategy has failed* " YOU DON'T SAY

  • @timazbill7746

    @timazbill7746

    2 жыл бұрын

    Buy Some Satoshi

  • @Stoneface_

    @Stoneface_

    2 жыл бұрын

    @@timazbill7746 bitcoin is a joke

  • @Siegefya
    @Siegefya Жыл бұрын

    508 points, imagine if you were short that day and just trailed it down...508 points down is a killer trade.

  • @jpandyaraja
    @jpandyaraja2 жыл бұрын

    i will never forget this day....it was the day i lost everything and went into massive debt

  • @imgone54321
    @imgone543212 жыл бұрын

    The worst crash is coming.

  • @Alejandracamacho357
    @Alejandracamacho357 Жыл бұрын

    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

    Жыл бұрын

    That’s crazy, I’m just doing everything wrong with my portfolio

  • @PhilipMurray251

    @PhilipMurray251

    Жыл бұрын

    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

    Жыл бұрын

    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

    Жыл бұрын

    @@marianparker7502 That does make alot of sense, good for you though, unlike us, you seem to have the Mrkt figured out.

  • @PhilipMurray251

    @PhilipMurray251

    Жыл бұрын

    ​@@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.

  • @Calvin-xp4qp
    @Calvin-xp4qp Жыл бұрын

    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

    Жыл бұрын

    This is fascinating. Could you describe more about your day with that teacher? And how your parents were acting, etc.?

  • @supershadowan
    @supershadowan4 жыл бұрын

    1987: Black Monday 2020: Hold my Corona

  • @Keys7

    @Keys7

    3 жыл бұрын

    Lmao

  • @BrianSmith-yq7ys

    @BrianSmith-yq7ys

    3 жыл бұрын

    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 жыл бұрын

    Hold your GME stonks ;)

  • @admiralgeneral1703

    @admiralgeneral1703

    3 жыл бұрын

    Where 2008 and 2014

  • @shubham943

    @shubham943

    2 жыл бұрын

    2022 - Bear The Inflation

  • @BANDIT2DAY
    @BANDIT2DAY4 жыл бұрын

    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 жыл бұрын

    *knock knock* It's me 2020 I got news for you....

  • @FakeMarket

    @FakeMarket

    2 жыл бұрын

    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 жыл бұрын

    wait till 2022

  • @georgepagotelis

    @georgepagotelis

    2 жыл бұрын

    What about now 2022?

  • @josephgaona1996

    @josephgaona1996

    2 жыл бұрын

    @@kennymichaelalanya7134 knock knock you were 2 years 2 early

  • @jeromecarrier8094
    @jeromecarrier80948 жыл бұрын

    ''In the business world, the rearview mirror is always clearer than the windshield of future''- Warren Buffet.

  • @uselesscause6128

    @uselesscause6128

    6 жыл бұрын

    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 жыл бұрын

    That's pretty much the case for anything.

  • @skinnymayo

    @skinnymayo

    4 жыл бұрын

    Habke Nubai o

  • @2videosilike

    @2videosilike

    4 жыл бұрын

    @@josephli3561 Speaking of 2020

  • @nobodya3

    @nobodya3

    4 жыл бұрын

    @@josephli3561 are you a time traveler?

  • @dougyshl
    @dougyshl4 жыл бұрын

    “Hold my white claw” -2020

  • @rickyailion9751

    @rickyailion9751

    4 жыл бұрын

    sosodef this aged well

  • @TheMactabanoye

    @TheMactabanoye

    4 жыл бұрын

    @@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 жыл бұрын

    @@TheMactabanoye like this week

  • @davidjackowski4336

    @davidjackowski4336

    4 жыл бұрын

    Can I hire you to manage my portfolio?

  • @gohan7104

    @gohan7104

    4 жыл бұрын

    @The deep South the market had to drop eventually and a fucking virus did it lmaooo

  • @furryp2402
    @furryp24023 жыл бұрын

    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

    Жыл бұрын

    Always hold

  • @CountSessine
    @CountSessine4 жыл бұрын

    I loved this - this is a pretty cool production you guys put together.

  • @Zaycream21
    @Zaycream214 жыл бұрын

    Who's watching in March 2020 right after we saw the biggest drop in history followed by the biggest increase in history today?

  • 3 жыл бұрын

    Zaycream21 how it looks like now the Nasdaq is down 10%?

  • @user-pc7ef5sb6x

    @user-pc7ef5sb6x

    3 жыл бұрын

    Did you buy the dip? Always buy the dip

  • @cato451
    @cato4514 жыл бұрын

    this is the event that made me start learning about the stock and bonds markets

  • @thund3rstruck
    @thund3rstruck3 жыл бұрын

    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 жыл бұрын

    The 1987 crash is still the biggest single-day decline in stock market history.

  • @jongoth

    @jongoth

    2 жыл бұрын

    @@93kk0 not if you’re a crypto trader. We call this type of thing ‘Tuesday’ 🤣

  • @carroyo911
    @carroyo9113 жыл бұрын

    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 жыл бұрын

    Wow what car?

  • @madwatermelon1316

    @madwatermelon1316

    3 жыл бұрын

    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 жыл бұрын

    @@NoOne-hv1wz Yeah, I'd love to know that too.

  • @Frank-bg6xz

    @Frank-bg6xz

    2 жыл бұрын

    @@jeshkam probably Mercedes w126 or an sl

  • @chrispaul1117

    @chrispaul1117

    2 жыл бұрын

    no one cares

  • @RUdigitized
    @RUdigitized3 жыл бұрын

    This is how I feel when I lose 60 dollars in one day on my ira

  • @johnschmid2316

    @johnschmid2316

    3 жыл бұрын

    Tha k God I thought I was the only one

  • @stillstyle
    @stillstyle3 жыл бұрын

    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 жыл бұрын

    They did worse they stopped buys with gme and robbed the little guys to make sure the big guys didn't go broke.

  • @Lee-fi4vo
    @Lee-fi4vo2 жыл бұрын

    "This was the era when we thought the news was relevant." Relevant.

  • @jackwhite6030

    @jackwhite6030

    2 жыл бұрын

    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!

  • @Ktctwin
    @Ktctwin Жыл бұрын

    The thought of being a trader and watching this gives me goosebumps. Watch folks it's coming again.

  • @Mrbfgray
    @Mrbfgray6 жыл бұрын

    Fascinating. Love these sorts of market history dissections. I lived through this and didn't even know it. lol

  • @throwaway9347

    @throwaway9347

    Жыл бұрын

    @@ezicarus8216 short or inverse etfs. always an opportunity.

  • @ThedudeMMXlll
    @ThedudeMMXlll4 жыл бұрын

    Very informative n nice trip back to the past. Love it. Thnk you.

  • @TheGasTap
    @TheGasTap4 жыл бұрын

    Great history lesson. Thanks for sharing!

  • @patrickvoss6733
    @patrickvoss67335 жыл бұрын

    The clip of the yelling dude at 12:36 is from the 2010 flash crash

  • @chadj.w.anderson5473
    @chadj.w.anderson54735 жыл бұрын

    Excellent stock market documentary guys!

  • @thestockpilellc4022
    @thestockpilellc40222 жыл бұрын

    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

    Жыл бұрын

    Only recently has anyone spoke of this crash

  • @bradnic88802
    @bradnic888024 жыл бұрын

    Great Doco guys. Well done !

  • @radar0412
    @radar04122 жыл бұрын

    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 жыл бұрын

    Interesting

  • @baba10ye

    @baba10ye

    2 жыл бұрын

    What did you do? That is a 3 years for down trends?

  • @Ken_griffin1963

    @Ken_griffin1963

    Жыл бұрын

    give me some insider info

  • @danielcyr6489

    @danielcyr6489

    Жыл бұрын

    reminds me of 2022 buy 500 now 45

  • @ParodyWhitney

    @ParodyWhitney

    Жыл бұрын

    Texas Instruments is your company? Wow! I used those calculators in college.

  • @DeeegerD
    @DeeegerD5 жыл бұрын

    Love at the end where they start saying how stable the markets are now LMFAO!

  • @fiddlepants5947

    @fiddlepants5947

    4 жыл бұрын

    This video was uploaded in 2015. Of course, the markets were stable back then... retrospectively

  • @rokyericksonroks

    @rokyericksonroks

    4 жыл бұрын

    “Before the markets open, NYSE Chairman John Phelan imposes a moratorium on computer trading” (25:38)

  • @johnpalma7265

    @johnpalma7265

    3 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    @@mkrull1 I thought that too. Was hoping he'd scream like Sam. Buy! Buy! Lol

  • @investorbettor505
    @investorbettor505 Жыл бұрын

    Only 5 minutes in and I can tell this is a really good video. Education and experience through others experiences is power my friends

  • @ceejaydeesoozaa
    @ceejaydeesoozaa6 жыл бұрын

    really good presentation.. thanks

  • @flilguy
    @flilguy4 жыл бұрын

    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

    Жыл бұрын

    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

    3 ай бұрын

    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

  • @mrberry7950
    @mrberry79508 жыл бұрын

    That was good. Very informative.

  • @jeromecarrier8094

    @jeromecarrier8094

    8 жыл бұрын

    +Mr Berry I agree! It's most impressive documentary!!! Thank you for sharing!

  • @livetheempoweredlife
    @livetheempoweredlife8 жыл бұрын

    This is awesome! Very well done!

  • @MK-rk4no
    @MK-rk4no2 жыл бұрын

    Love the happy music playing in the background of this sad story.

  • @paulsharkey6673
    @paulsharkey66735 жыл бұрын

    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 жыл бұрын

    Weird flex but ok

  • @enonymuz8627

    @enonymuz8627

    5 жыл бұрын

    Cool story!

  • @davidtrindle6473

    @davidtrindle6473

    4 жыл бұрын

    Bully for you

  • @linmal2242

    @linmal2242

    4 жыл бұрын

    At least you're consistent!

  • @TheNameIsFreddy

    @TheNameIsFreddy

    Жыл бұрын

    How do you work as a broker as a 20 year old

  • @angusmeigh5141
    @angusmeigh51414 жыл бұрын

    The 1980s were a great time and the music in general was a lot better.

  • @mayruthhenzerling1648

    @mayruthhenzerling1648

    3 жыл бұрын

    LOVE the 80's! It was the best times for me too.

  • @hogo5384
    @hogo53846 жыл бұрын

    thank you for upload

  • @dougg4633
    @dougg46332 жыл бұрын

    I remember my Civics teacher freaking out that day. Literal running from classroom to pay phone all day

  • @johnargus9081
    @johnargus90814 жыл бұрын

    So one guy nobody ever heard of stopped the whole financial system from collapsing.

  • @alexw8174
    @alexw81742 жыл бұрын

    AMC/GME Diamond hands only goes up

  • @SwingFish
    @SwingFish6 жыл бұрын

    this is a Wonderful production and illustration of reality!

  • @thedemotrader7570
    @thedemotrader75703 жыл бұрын

    thank you, I enjoyed that

  • @itsme-rt7nz
    @itsme-rt7nz3 жыл бұрын

    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.

  • @tensevo
    @tensevo6 жыл бұрын

    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 жыл бұрын

    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.

  • @MarkusPro
    @MarkusPro Жыл бұрын

    I can't believe this material is here... thanks for share this .

  • @jakichan4
    @jakichan42 жыл бұрын

    Watching this 23/01/22 - This coming week will be interesting to say the least!

  • @cherylcampbell7495
    @cherylcampbell74955 жыл бұрын

    My father in laws hair turned completely white. He lost everything..horrible. I was glad I didn’t have much to lose.

  • @FAHRENHEIT-gj4ng
    @FAHRENHEIT-gj4ng3 жыл бұрын

    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..

  • @verygrateful007
    @verygrateful0072 жыл бұрын

    This is excellent!

  • @vm1618
    @vm16185 жыл бұрын

    Great work!!! Thanks for this nice documentary

  • @DerekMaullin
    @DerekMaullin6 жыл бұрын

    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

  • @doramason
    @doramason4 жыл бұрын

    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.

  • @mattyhaha1171
    @mattyhaha11712 жыл бұрын

    This was a wonderful film!!

  • @mixtoure
    @mixtoure Жыл бұрын

    Such a great documentary

  • @OakhillSailor
    @OakhillSailor8 жыл бұрын

    the back ground music is really unnecessary does anyone feel the same way?

  • @Saint696Anger

    @Saint696Anger

    7 жыл бұрын

    it has a persuading effect on ones emotions...

  • @drsjamesserra

    @drsjamesserra

    5 жыл бұрын

    OakhillSailor yes, it adds some emotion, but not the one that should be added.

  • @ARichardP

    @ARichardP

    5 жыл бұрын

    Yes

  • @cryp0g00n4

    @cryp0g00n4

    5 жыл бұрын

    hmm... didn't notice

  • @spacegaiden

    @spacegaiden

    5 жыл бұрын

    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

  • @tek6423
    @tek64234 жыл бұрын

    One of the best documentaries I’ve seen on KZread

  • @beakybuschino
    @beakybuschino8 жыл бұрын

    awesome video

  • @2videosilike
    @2videosilike4 жыл бұрын

    I like your tastytrade hat! Nice touch

  • @Its_Might
    @Its_Might2 жыл бұрын

    Money doesn't just vanish, it switches hands.

  • @shanenolan85

    @shanenolan85

    2 жыл бұрын

    💯💯💯

  • @marysmith3710

    @marysmith3710

    2 жыл бұрын

    Exactly. Where did the money go?

  • @moons4768

    @moons4768

    Жыл бұрын

    The quiet one took it all

  • @harryparker9452
    @harryparker94525 жыл бұрын

    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 жыл бұрын

    Yep. This crash was almost entirely computer-caused. Nothing even vaguely similar to 2008.

  • @kingstonnine2393

    @kingstonnine2393

    2 жыл бұрын

    Glad you said that cos I was thinking I had misremembered the cause.

  • @herisuryadi6885

    @herisuryadi6885

    Жыл бұрын

    I think the video did highlight that

  • @Jett4you
    @Jett4you6 жыл бұрын

    Fantastic !

  • @soysaucelab
    @soysaucelab Жыл бұрын

    Im here getting ready for the best opportunity ever since the housing crash of 07-09. Im ready to get wealthy!

  • @jellyfishattack
    @jellyfishattack6 жыл бұрын

    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 жыл бұрын

    Forget hold, it was a great opportunity to add to positions.

  • @djack915

    @djack915

    4 ай бұрын

    Great info !!🎉

  • @Underhills
    @Underhills4 жыл бұрын

    History will repeat itself. Just like it did in 1987.

  • @markovirtanen9600

    @markovirtanen9600

    4 жыл бұрын

    Yes! It happens NOW!

  • @JJ-yeah

    @JJ-yeah

    4 жыл бұрын

    Well said 03/16/2020

  • @TheOfficialRandomGuy

    @TheOfficialRandomGuy

    4 жыл бұрын

    A crash that only last for a day, then recovers? I’ll take that.

  • 3 жыл бұрын

    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 жыл бұрын

    @@JJ-yeah yeah Ummm wb now lmao

  • @jonnyfranco7
    @jonnyfranco7 Жыл бұрын

    Thank you so much

  • @adamsmith607
    @adamsmith607 Жыл бұрын

    As NOT a certified math-surgeon - I have to say I found this v. very informative entertaining - pls keep it up 🚀

  • @SPRPhilly
    @SPRPhilly4 жыл бұрын

    The music at the end is very similar to the music from the Silent Hill game series.

  • @socialexperimentgaming4808
    @socialexperimentgaming48083 жыл бұрын

    it's amazing how blips of the past have such ripples in the future

  • @afterdark6822
    @afterdark6822 Жыл бұрын

    Great documentary.

  • @cryptokarnage6394
    @cryptokarnage63943 жыл бұрын

    That was a great watch.

  • @kostasp1269
    @kostasp12698 жыл бұрын

    Excellent documentary!

  • @mikescarborough4285
    @mikescarborough42854 жыл бұрын

    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 жыл бұрын

    We’re below that now

  • @foxxygearreviews7754

    @foxxygearreviews7754

    2 жыл бұрын

    @@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 ай бұрын

    $DJI, $38,927 Monday 2/12/24 new all time high. The following day, (Tues.) dropped to $38,039.

  • @Ppfp
    @Ppfp Жыл бұрын

    It will be fun to watch another video with lot more information from traders also on 2008.

  • @HuntFishJits
    @HuntFishJits2 жыл бұрын

    This was cool, thanks. I'd like to hear all their opinion today about naked shorting.

  • @thomaslivingstone6734
    @thomaslivingstone67344 жыл бұрын

    When they start talking about closing the markets it’s time to buy

  • @joelvaldez476
    @joelvaldez4764 жыл бұрын

    How can they hear / understand when all of them shouting at the same time?

  • @dagmarski4133

    @dagmarski4133

    3 жыл бұрын

    Mostly lip reading and hand signals

  • @donaldwilson6338
    @donaldwilson63382 жыл бұрын

    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.

  • @nozrulmiah5164
    @nozrulmiah51643 жыл бұрын

    Great documentary

  • @brockdaniel2458
    @brockdaniel24584 жыл бұрын

    They throw a lot of Gang signs up. 😂👍🏼

  • @joycekoch5746
    @joycekoch57465 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    That can be all fine and dandy, but sometimes you don't know. Like a liquidity event.

  • @oliverclothesoff4142

    @oliverclothesoff4142

    4 ай бұрын

    Well the debt levels now are astronomical ☕️

  • @adjustdafacts
    @adjustdafacts4 жыл бұрын

    This was a great watch

  • @alexj7700
    @alexj77006 жыл бұрын

    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.