The 1987 stock market crash: Original news report
Full coverage of the 1987 stock market crash, as reported by WPIX in New York. Brad Holbrook is the anchor.
Get more news at PIX11.com
Follow us at pix11news
Full coverage of the 1987 stock market crash, as reported by WPIX in New York. Brad Holbrook is the anchor.
Get more news at PIX11.com
Follow us at pix11news
Пікірлер: 417
I've seen people saying there's is going to be a crash in 2024 while others say its gonna be a bull run. I'm the one managing my portfolio of arouynd $300K myself so i'm confused on he best strategy to use for the rest of the year
@SlowrideHome91
2 күн бұрын
This is the same dilemma most people that are handling their portfolio themselves go through. I will advice you get yourself some professional advisor to help you on your investment decisions.
@Olea-i2d
2 күн бұрын
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
@PapiChulo-t1s
2 күн бұрын
Could you please share the contact information for your investment advisor? I'm in urgent need of someone to help with my portfolio.
@SEVILLAnnA
2 күн бұрын
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
@Olea-i2d
2 күн бұрын
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
you know its going down when you're on two phones at the same time.
@Jacktrading
3 жыл бұрын
They were on two phones all the time to connect the buyer and seller
@Luke-mm4fy
3 жыл бұрын
@@Jacktrading market maker
@sawtoothiandi
3 жыл бұрын
@@Luke-mm4fy shake your market-maker
@potcha
3 жыл бұрын
@@sawtoothiandi like you was wealthy once on some paper
@klin1klinom
2 жыл бұрын
Neither of which is even hooked up to telephone lines.
Crashes and bubbles are persistent features of financial markets and are exacerbated by narratives. But pro tip, people will ALWAYS be talking about the coming crash (: Literally, always. It has been like this for a decade, and many, many people have lost juicy returns by listening to that advice.
@StonksLifestyle
2 ай бұрын
When others are fearful be greedy. When others are greedy be fearful.
@GlengoolieBlu
2 ай бұрын
market downturns are actually incredible buying opportunities!
@ericmckenzie9708
2 ай бұрын
I’m 52 and just starting this journey. I feel so behind!
@VanillaCherryBread
2 ай бұрын
It is never too late to get started. It really isn’t. I got into the markets five years ago with ~250k properly diversified across good blue chip companies, high yielding dividend stocks and exchange-traded funds (ETFs) and I just surpassed $3 million
@henrymitchell9717
2 ай бұрын
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
It’s bizarre seeing Jim Haggerty being a real newscaster.
@lo_boybaby685
2 жыл бұрын
Amc 2021
@LiLAlbiHD
2 жыл бұрын
So bizarre haha
@mind-blowing_tumbleweed
Жыл бұрын
And thinking he was once human 🥲
It's JIm Haggerty!
@pavelgutierrez6940
4 жыл бұрын
You mean, Pig Haggerty. Lol
@nathanikeda4184
3 жыл бұрын
Omg had me going for sec
@LiLAlbiHD
2 жыл бұрын
@@pavelgutierrez6940 lmfao
Dow was at 2,709 on August 21, 1987, (dropped because of the crash), and didn't recoup the loss until Sep. 8, 1989 (when it reached 2,709 again, 2 years later)
Awesome, this guy is on the Onion New Network!
@YouTube_is_full_of_trolls
2 жыл бұрын
Yo I know! No wonder he's so fucking good in that role
@oof4623
2 жыл бұрын
That's actually crazy. I didn't even notice.
Love watching these. Makes me realize everything will be okay in the long run.
@flyguyry1
3 жыл бұрын
Not so.
@barneybay6070
3 жыл бұрын
but how long, i wanna have my money back when corona ends
@raymondblack524
2 жыл бұрын
@@barneybay6070 It's been several months. Did you get your money back?
@torfistrom4549
2 жыл бұрын
They never had a economy that produced less than we spent Welcome to the fail of gov and fed
@briancanfield5658
2 жыл бұрын
Do you still think that way?
Insightful content. My utmost goal is $3million and a few passive income sources for sustainability, I'm currently 40 and although I started investing this year I still have high hopes for the future. Hopefully the market doesn't undergo a crazy crash.
@williamsgold8889
2 жыл бұрын
Exactly....nice words
@williamsgold8889
2 жыл бұрын
I agree with you
@williamsgold8889
2 жыл бұрын
Learn and get the knowledge first before investing..
@merrylisten3557
2 жыл бұрын
There will always be market fluctuations, you just have to prepare for it.
@merrylisten3557
2 жыл бұрын
I’m not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turned out lucrative for me.
History has shown this this was actually an incredible buying opportunity, as was the crash in march of 2020. When everyone is totally freaking out and even the experts are against buying many times these are actually the best times to buy.
@Hastur876
3 жыл бұрын
Oh god yeah. Buy tech in 88, become a billionaire by 2000.
@noweaponshallprosper2651
3 жыл бұрын
Buy the fear
@nathanikeda4184
3 жыл бұрын
@@Hastur876 yeah invest in one of the lead contributors to the crash
@CGIadviser
2 жыл бұрын
Its no secret that its best buying opportunity. The wallstreet giants know this as well but they have to sell because they are looking for shortterm profit and cant wait around for a few years for market to bounce back up
@portcorner3663
2 жыл бұрын
@@CGIadviser exactly, day traders vs investors (long term returns)
Jordan Belfort got a job at stock market just days before Black Monday and he never gave up, Thats a huge Lesson
@243wayne1
2 жыл бұрын
He was able to ride the wave back up however...
Holy crap it’s Jim Haggerty from Today Now!
Here with the Coronavirus crash. It’s pretty bad...
@dorian345
4 жыл бұрын
Dirk Diggler here for the same
@ederbenavides27
4 жыл бұрын
Lmao check today
@dorian345
4 жыл бұрын
eder B LOL
@freethinker424
4 жыл бұрын
yeah...
@Jimbo7
4 жыл бұрын
@@ederbenavides27 now check again
Just started the 1987 section of "A History of the United States in Five Crashes". Highly recommend reading if you find this kind of thing interesting.
It’s hilarious how it went back up as if nothing happened.
@roncur
3 жыл бұрын
America is great
@coolname9184
3 жыл бұрын
@@roncur no
@roncur
3 жыл бұрын
@@coolname9184 America is not great? Why not?
@tomemeornottomeme1864
2 жыл бұрын
@@roncur It's a disgusting country but it's better than a lot of other countries.
@roncur
2 жыл бұрын
@@tomemeornottomeme1864 ok so America is Great when compared to other countries then. Fair enough?
who else is watching it in 2020 ? aug-sep
@IgorLisx
3 жыл бұрын
Nov 19
@CoercedJab
3 жыл бұрын
@David D uh wut...
Who would’ve thought that allowing corporations to hoard all the wealth, increasing interest rates, decreasing average income, tightening the money supply, increasing the nation’s deficit, and depreciating the U.S. dollar in international currency markets would cause the stock market to be vulnerable to a sudden crash.
@LiberatedMind1
Жыл бұрын
Chuck Norris knew
@AYVYN
Жыл бұрын
@@LiberatedMind1 True
Watching this after experiencing my first correction as an investor as the major indices (and my portfolio) are down about 10% during the past 3 weeks
imagine the relentless bull run ever since
2:43 this guy is still at cnbc, incredible.
@243wayne1
2 жыл бұрын
Sticktoitiveness...
I know why you´re watching this in 2021 ;)
@mansonaty
3 жыл бұрын
Why?
@browhat4008
3 жыл бұрын
@@mansonaty Economy has been doing terribly since the inauguration of the new US president. Only reason why I think he said that, not sure really though.
@Mauricio-pp9ic
2 жыл бұрын
@@browhat4008 Economy has not been doing great since Trump! In fact, the pandemic was just an "excuse" if you know what I mean.
@83jbbentley
2 жыл бұрын
To the moon 🌙
That afternoon,I went to an ear,nose,and throat doctor. After I left the office and found out what had happened,I thought that my eyes needed examining as well.
IT'S THE HUMAN PIG
@edk6694
4 жыл бұрын
🤣
When Jordan Belfort got a job at the investacenter
@roncur
3 жыл бұрын
lol
@johnwilson4158
2 жыл бұрын
selling garbage to garbage men
First, there was the crash of 1987, 2 years later the Berlin wall came crashing down! The crash of 1987 and 2008 will be nothing in comparison to the next crash. Every crash is different. The end of one era and the beginning of another.
@certifiedfinest5065
Жыл бұрын
Which one’s the next crash?
@sandeepsmatharu
10 ай бұрын
@@certifiedfinest5065the one that's about to start now
It all comes tumbling down
@spacegoat_3d801
3 жыл бұрын
Then it comes back better than before
At the very end when he said Sam Walton lost about $1 Billion in a single day, I felt that 😩
@flickadawrist5908
4 жыл бұрын
Imagine seeing 100 years of your family wealth disappear before your eyes....Now I felt that lol
@MARCIE12ification
4 жыл бұрын
Wow.
@owenwalker1774
4 жыл бұрын
It's not a loss if you don't sell.😉
@AChannelFrom2006
4 жыл бұрын
Before the crash WalMart shares were $5.22. Today they are $117.68 per share... plus all the dividends in the mean time.. so I don't think it hurt him too much in the long run.
@jmd1743
4 жыл бұрын
@@AChannelFrom2006 inflation. Since Obama first went into office the Dollar has lost 20 percent of it's purchasing power.
Remarkably similar to today.
Welcome back👋
"You're trying to find the bottom, then you said this is the bottom and next thing you know it goes more bottom again"
@naitai8775
3 жыл бұрын
Tripple bottom lol
@fernando4life
2 жыл бұрын
Keep buying the dip
This is HUGE.
@FultonRecovery
Жыл бұрын
he knew..
What a time to buy.
0:50 guy's serious about his job
@liquid__7294
3 жыл бұрын
Of course...he is German😂😂😂
@nathanikeda4184
3 жыл бұрын
Anybody see the investing video from the eighties with the dude also double phoning it
0:44 "Then like a plague, sell fever headed west" That hits different after COVID-19.
Ah the good old days when as a CEO you could just say "I wasn't ware of the market crash today".
@mattl1962
Жыл бұрын
I suppose they didn’t know because they sold their stocks for cash and were buying up cheap stocks.
0:15 Dow dropped more than 22% 2:19 Dow lost 17.5% from Aug. 18 to Oct. 16, 1987
Did anyone noticed security stopping the camera man? 1:44
Who’s watching this on June 12th 2022
@neki0playz12
3 ай бұрын
Me watching in 2023
What the heck, isnt this the guy from the Onion News videos??? HAHA!
@occono3543
8 ай бұрын
Yes, Brad Holbrook was a real reporter here before he was cast for The Onion.
Imagine being the anchor. You know he was really probably stressing too lol.
@243wayne1
2 жыл бұрын
Nah. He had no money...
Crazy
Meet Kevin Thanks for commenting on your discord regarding this video someone posted 👍🏻 I'm holding and not selling. Just going to keep buying the dip when I think it's time.
@chivimbe
2 жыл бұрын
Was this before or after he totally flipped 180 degrees and sold the dip?
@LaSombraa
2 жыл бұрын
Get rekt lol
The whole time this was happening I was a clueless High School junior thinking about nothing but boys and the school musical. I've since had to deal with 2001, 2008, and now the current shit show so figured I should go back in time and learn a little more about what happened in 1987! So far it sounds like the same story!
4:52 Jason Bateman?
Dow at 1,738....as we speak it is 35,840 - I guess many years have passed 😀
A small preview of what's to come in 2021-2022
It’s the percentage drop that’s important not the points.
Omg this is the guy from The Onion. I had no idea he was an actual reporter at some point.
If people are panic selling, there has to be people panic BUYING, so who rushes to catch a falling knife? hmmm
Indeed there was a bear market in stocks market for more than ten years until the internet boom
@djlowtek
3 жыл бұрын
recovered by mid-late 1989 and continued to grow until the 2000 crash, which recovered in 3-4 years. Then the 2008 crash, which recovered in 3 years.... Oh and the 2020 crash.... which lasted a year. The fed has cheat codes enabled, just go with it.
Steven Malin is a professor in New York
Imagine investing in a Dow ETF when it was trading at 1,730 points 😋
@strangerintown3676
2 жыл бұрын
Sorry no ETF's in 1987
@Westrait
2 жыл бұрын
@@strangerintown3676 lol
It's coming again in 2021.
So funny to think this week the market only dropped 12% and yet some people thought it was 'historic'. The next drop like this is not far away as we are a nation and a world built on debt and it's only instrument is debt on top of debt.
@adee6467
4 жыл бұрын
This week again 10% drop
@joycekoch5746
4 жыл бұрын
@@adee6467 Stock values are so over priced that the market will have to sell of by 40% to reach fair value - we are only halfway there. The rally will occur long before that which means new suckers will still be buying stock that are 20% overvalued.
@ggaccentc
4 жыл бұрын
Yeah the market dropped 12% today alone
man what should we do now
Wow. 2022 is the new 1987... :) No need to be nostalgic about the 80's
Imagine buying at those prices that day you would be rich today
@Luke-mm4fy
3 жыл бұрын
Buying the dip always works
I remember this people brokers in Tokyo were jumping from skyscraper windows cuz they had lost so much money
The 1987 Stock Market Crash, since not being due to Macroeconomic factors, must have been due to shorting. One stock goes down, a short gets triggered, then everyone starts selling.
@giulianoscudieri3006
3 жыл бұрын
Excess demand for portfolio insurance , too
@p1thekiwisensation
2 жыл бұрын
I think I did hear something about a potential short that triggered it. Someone noticed a massive sell off of the dow. Was on a documentary on KZread
Was that Billy Martin?
2:45 and here we are almost 40 years later talking about the same exact same issues with the Dow Jones up close to 2,000% since 😂
What happened back then it is definitely happening 35years after in 2022
Who's here in 2021? 😂
I was 1 when this happened...
people who suffered just 87 are ok now, people who suffered both 87 and 08 are still recovering and we're 14years down the road from 08. And now with that you have the people still recovering now. like 87 happened and people recovered quiet quickly because there was money to spend 08 there was no money any where.
Get ready... Something Exactly like this is Right around the corner in March, 2024... Tick, tock....
Love this
I'm surprised markets still crash if they always recover
Rinse An Repeat ! Im 68 Seen This B.S . 4 Times ;-(( Cars , Houses , Stocks Will Sell For A 60% Loss /;-)) Bankster Never Lose !
@colliric
Жыл бұрын
This current one's the absolute worst.
Little the people in Tokyo knew they were actually on the verge of the multiple decade long bear market
Human behaviour plays a big role in here. Panic buy and sell drives majority of individuals decision.
These days we have halts, so old rapid crashes are history now.
October this year hehe
Imagine how much money these people made after the stock market crash was over
2:46 ✍️.. Renewed inflation fear.. ok ✍️.. A decline in the dollar.. sure ✍️.. Rising interest rates.. I see ✍️.. Huge budget and foreign trade deficits.. oh .. ✍️Wait a minute
@juandiego6970
2 жыл бұрын
I think it's coming around late September - early October 2021
@datzombieslayer6594
2 жыл бұрын
@juan decko I reckon the crash will start this week
Dayyyyyym. I would have loved to short the markets that day with a 200:1 leverage trading stock indices via CFDs. 22% down. That would have been like stealing candy from children.
Do people ever really learn as a majority about history?
@higsgirl
5 жыл бұрын
Apparently not:( I know my family is buying up nonperishable foods. Started accelerating that last week.
@johnpalma7265
5 жыл бұрын
@?,?, So what?
@user-fr4cg2xj2w
5 жыл бұрын
She Knew Too Much you will still be able to by food if the market crashes lol
@jermon983
4 жыл бұрын
Nope for most reality has to be the best teacher for them to get it...
I wish someone would teach me about the stock market and how to invest
Yes, the Dow dropped -26% (from 2,709 points [Aug. 21, 1987] to 1,993 points [Oct. 30, 1987]), but it had already gone up +35% that year alone (from January 1987 to August 21st, 1987 it went from 2,005 points to 2,709). Therefore, if you were in from the beginning of the year, you'd still be up about +10% on the year even after the disastrous drop. And, if you were in since March 1982 (when it was worth 807 points), you would've gained about +235% before suffering the -26%, still leaving you with about a 200% gain lol But it definitely was a bummer for people who JUST bought in right before the crash. THEY were down -26% for sure.
@kdpowers
2 жыл бұрын
This sounds recently familiar
@Discovery_and_Change
2 жыл бұрын
@@kdpowers I know :-( unfortunately for those of us who bought near the top in November....7 months of being invested for a -22% return...horrendous
Ah, the good ol days
Now we gotta fight stupid computers and algos... bs
Super annoying that they are talking about points instead of percentages, even when talking about foreign indexes that no one knows how many total points they have
10.7% interest on a mortgage for 30 years!!!! woohoo ouch
@shanenolan85
5 жыл бұрын
James William yeah in retrospect it's crazy! If it rose to that price now...chaos
@patandbrandi
4 жыл бұрын
houses were cheaper...
@baldovela8635
4 жыл бұрын
Pat i can’t believe some people don’t understand that
@phillipwombacher9635
4 жыл бұрын
James William back when you can buy a house for $30k
@michaelayliffe7238
4 жыл бұрын
Inflation was higher, which was eating the interest. The start of the neoliberial experiment where the banks and g20feds have the upper hand. To usher in the global market reset
0:52. The guy holding 2 phones lol
Its onion guy
SELL EVERYTHING!!!! PANIC!!!!!!
Jim Haggerty :D
I can't believe it was 35 years ago,americas worst day in wall street, I dont want this to repeat itself again ever.
@colliric
Жыл бұрын
Dude the worst one was the 1929 crash....
@herisuryadi6885
Жыл бұрын
@@colliric Well 1987 saw the largest fall by percentage to this day
@colliric
Жыл бұрын
@@herisuryadi6885 yeah but the fallout was nowhere near as bad. They bought the market back up in '87 whereas in '29 they let the bear market drag on till the drop finally finished in 1933.
@herisuryadi6885
Жыл бұрын
@@colliric Yeah...
Wow
Is happening now a new crash.....21th of January 2022
I like the eyebrows
Hello May 2022.
This will be March 2nd 2020
Lol the Dow dropped 600 points today
@Tyrunner0097
3 жыл бұрын
It's not the points, but the percentage. The Dow dropped over 22% on Black Monday. Today, that would be a drop of over 6,800 points. In just one day.
These people either don't understand the market or are full of shit and wanna scare people. Just because he lost 1 billion, doesn't mean that 1 billion isn't gonna be back soon, and with the money the guy has he probably bought a lot more on the dip. Meanwhile regular Joe's are losing money and not realizing this isn't permanent losses. Especially with there being no real reason for this crash.
Was this yesterday?!?!?!?!?
@herisuryadi6885
Жыл бұрын
of course not
@LiberatedMind1
Жыл бұрын
@@herisuryadi6885 Good god, I've been asleep for 36 years!
@herisuryadi6885
Жыл бұрын
@@LiberatedMind1Lmao
These days we just buy the dip and let it rip 🇺🇸🚀
Here in May 2024. Dow about to open close to 40,000💪
YYYYYYYooooooooo......GME 21 haHHHHAA
Buy the dip