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
#optionstrading #options #optionstrategy
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[@Raymondjohn2]

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]

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]

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]

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]

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]

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.

[@daveseah123]

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

[@ryanvincent6519]

HODL, BTFD, _____ to the Moon. 🤣

[@ChipsMcC]

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

[@tombsandtemples]

This is very very true

[@andso7068]

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

[@Baghuul]

Dudes couldn't handle the FUD back then.

[@GerardHawaii]

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]

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]

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]

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]

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

[@TomSestilio]

DIAMOND.HANDS.BAYB

[@scribbledribble6226]

Safe to say those people didn’t have diamond hands

[@conormcgregor.7333]

lol

[@dicomohio4743]

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

[@houstondogbehaviorandtrain5430]

Buy the dip

[@mish130]

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

[@videosuperhighway7655]

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.

[@forex_shark6042]

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]

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]

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

[@joshhpptz3447]

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

[@Gamerteamguy]

@@smokelord2002 someone is bad at investing

[@johnnytorres277]

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

[@LordDirus007]

Now I trade stock sitting on my toilet

[@lynnknaak5890]

Beautiful

[@whatmakesyourday]

‘Merica.... 🥲

[@theaccountant5846]

I just shorted ARK on the shitter...

[@isoSw1fty]

Same and its glorious

[@fernando4life]

Same🔥🔥🔥🔥

[@emilybrown2719]

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]

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]

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]

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

[@FeliciaJudge]

@@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]

@@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]

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

[@RockawayBeachNY]

it was a big % drop not just a point drop

[@RockawayBeachNY]

23%

[@Ronbo710]

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

[@KhaledTheSaudiHawkII]

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

[@hacker010010101]

exactly!

[@SIE44TAR]

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

[@michaelblack9776]

LOL

[@scottielambert9312]

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

[@correctionguy7632]

@@scottielambert9312 ok boomer

[@kievanrus9434]

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]

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

[@chrisstackhouse7749]

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

[@ws3157]

July 2021 . .

[@Francisco-bl9ny]

@@ws3157 MMMMH....

[@vmelecio1789]

Supposedly 50% or more.

[@traceyspence5118]

😆 🤣 😂 😹 right

[@krunaljrana3012]

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

[@briankarcher4418]

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]

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

[@derrillyager7946]

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_]

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

[@thomasaquinas157]

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]

3) Diversify

[@CountSessine]

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

[@syntheseyez3577]

4:50 this man doesn't blink

[@bluex610]

Lol exactly what I was thinking...

[@cato451]

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

[@Alejandracamacho357]

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]

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

[@PhilipMurray251]

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]

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]

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

[@PhilipMurray251]

​@@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]

*coronavirus has entered the chat*

[@STXRBOY999]

Jonathan Gonzalez lmao

[@FusionTechCinema]

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

[@angusmeigh5141]

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

[@kateoloughlin8774]

@@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]

Hahahaha

[@kurttSchuster]

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.

[@tonicruger]

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.

[@eastwood224]

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

[@kurttSchuster]

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.

[@eastwood224]

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

[@kurttSchuster]

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.

[@jeromecarrier8094]

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

[@uselesscause6128]

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]

That's pretty much the case for anything.

[@skinnymayo]

Habke Nubai o

[@2videosilike]

@@josephli3561 Speaking of 2020

[@nobodya3]

@@josephli3561 are you a time traveler?

[@investorbettor505]

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

[@TheGasTap]

Great history lesson. Thanks for sharing!

[@BANDIT2DAY]

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]

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

[@FakeMarket]

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]

wait till 2022

[@georgepagotelis]

What about now 2022?

[@josephgaona1996]

@@kennymichaelalanya7134 knock knock you were 2 years 2 early

[@83jbbentley]

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

[@lildic0146]

Interesting

[@JaniceB1217]

Wow

[@saketroy7914]

March covid crash?

[@shubham943]

Oct, 2022 another crash going to happen?

[@jvlozano11]

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

[@supershadowan]

1987: Black Monday 2020: Hold my Corona

[@Keys7]

Lmao

[@BrianSmith-yq7ys]

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]

Hold your GME stonks ;)

[@admiralgeneral1703]

Where 2008 and 2014

[@shubham943]

2022 - Bear The Inflation

[@jpandyaraja]

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

[@carroyo911]

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]

Wow what car?

[@madwatermelon1316]

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]

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

[@Frank-bg6xz]

@@jeshkam probably Mercedes w126 or an sl

[@chrispaul1117]

no one cares

[@chadj.w.anderson5473]

Excellent stock market documentary guys!

[@bradnic88802]

Great Doco guys. Well done !

[@Calvin-xp4qp]

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]

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

[@mrberry7950]

That was good. Very informative.

[@jeromecarrier8094]

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

[@SwingFish]

this is a Wonderful production and illustration of reality!

[@Mrbfgray]

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

[@throwaway9347]

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

[@kylebroussard5952]

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

[@timazbill7746]

Buy Some Satoshi

[@Stoneface_]

@@timazbill7746 bitcoin is a joke

[@itsme-rt7nz]

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.

[@livetheempoweredlife]

This is awesome! Very well done!

[@hogo5384]

thank you for upload

[@thestockpilellc4022]

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]

Only recently has anyone spoke of this crash

[@Siegefya]

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

[@DerekMaullin]

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

[@furryp2402]

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]

Always hold

[@vm1618]

Great work!!! Thanks for this nice documentary

[@thund3rstruck]

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]

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

[@jongoth]

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

[@ceejaydeesoozaa]

really good presentation.. thanks

[@thedemotrader7570]

thank you, I enjoyed that

[@JoeGess]

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

[@OakhillSailor]

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

[@Saint696Anger]

it has a persuading effect on ones emotions...

[@drsjamesserra]

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

[@ARichardP]

Yes

[@cryp0g00n4]

hmm... didn't notice

[@spacegaiden]

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

[@MarkusPro]

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

[@adamsmith607]

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

[@CasparOgden]

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]

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]

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]

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]

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]

Diversify

[@patrickvoss6733]

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

[@MK-rk4no]

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

[@flilguy]

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]

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]

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

[@stillstyle]

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]

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]

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

[@jackwhite6030]

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!

[@DeeegerD]

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

[@fiddlepants5947]

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

[@rokyericksonroks]

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

[@johnpalma7265]

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]

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]

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

[@Zaycream21]

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

[@EverSanchez]

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

[@user-pc7ef5sb6x]

Did you buy the dip? Always buy the dip

[@radar0412]

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]

Interesting

[@baba10ye]

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

[@Ken_griffin1963]

give me some insider info

[@danielcyr6489]

reminds me of 2022 buy 500 now 45

[@ParodyWhitney]

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

[@socialexperimentgaming4808]

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

[@dougyshl]

“Hold my white claw” -2020

[@rickyailion9751]

sosodef this aged well

[@TheMactabanoye]

@@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]

@@TheMactabanoye like this week

[@davidjackowski4336]

Can I hire you to manage my portfolio?

[@gohan7104]

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

[@tek6423]

One of the best documentaries I’ve seen on KZbin

[@johnargus9081]

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

[@Ktctwin]

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

[@2videosilike]

I like your tastytrade hat! Nice touch

[@verygrateful007]

This is excellent!

[@RUdigitized]

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

[@johnschmid2316]

Tha k God I thought I was the only one

[@tensevo]

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]

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.

[@jakichan4]

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

[@mattyhaha1171]

This was a wonderful film!!

[@dougg4633]

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

[@Voltaire805]

"Hold my beer" -2019

[@acman131]

It will be 2020

[@dividendincome9685]

It’s not going to be 2019, massive corporate debt is due towards 2021

[@user-pt3bv3jl3v]

Whenever it happens, if you hold an inverse etf position you'll be fine.

[@ProfAskia]

Sure. But it maybe a little warm when I give it back to you. Cheers.

[@jeffmaggard3694]

Probably won’t ever happen.

[@HuntFishJits]

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

[@alexj7700]

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.

[@paulsharkey6673]

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]

Weird flex but ok

[@enonymuz8627]

Cool story!

[@davidtrindle6473]

Bully for you

[@linmal2242]

At least you're consistent!

[@TheNameIsFreddy]

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

[@doramason]

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.

[@mixtoure]

Such a great documentary

[@Jett4you]

Fantastic !

[@SPRPhilly]

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

[@kostasp1269]

Excellent documentary!

[@Ppfp]

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

[@beakybuschino]

awesome video

[@FAHRENHEIT-gj4ng]

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..

[@harryparker9452]

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]

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

[@kingstonnine2393]

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

[@herisuryadi6885]

I think the video did highlight that

[@roadtrip2943]

I worked as a floor page on NYSE in 1968, complicated floor ordering trading system. Now no specialist pits

[@jonnyfranco7]

Thank you so much

[@jellyfishattack]

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]

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

[@djack915]

Great info !!🎉

[@cherylcampbell7495]

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

[@adjustdafacts]

This was a great watch

[@cryptokarnage6394]

That was a great watch.

[@blackworldtraveler3711]

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]

BlackWorldTraveler Probably 1.5 million now I bet, nice work and congratulations. Isn't compounding interest in your favor a wonderful thing?

[@xidropkillzx3246]

BlackWorldTraveler if your still active can you please reply ?

[@Harihar_Patel]

God fucking bless america.

[@uselesscause6128]

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]

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!

[@roydunn2865]

What I get from this is that the buyers could all sell, crash the market and then buy their own stocks back dirt cheap as they pass the losses to the public while possibly getting a bail out.

[@lauranyc4966]

thats y im not big fan of options !!!! but i learned so much TY

[@Theydonotcare]

Thank you.

[@imgone54321]

The worst crash is coming.

[@mikescarborough4285]

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]

We’re below that now

[@foxxygearreviews7754]

@@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]

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

[@krampusx9784]

I'm watching this after a 2% down day on the stock market. Black Tuesday 2021.

[@nozrulmiah5164]

Great documentary

[@PatrickWieland]

Great StockMarket movie!

[@Ocea8i53]

What did Reagan do to help

[@freedomring3022]

@@Ocea8i53 it had nothing to do with Reagan.

[@angusmeigh5141]

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

[@mayruthhenzerling1648]

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

[@sureshnishtala2887]

$500B in capital got wiped out due to that 20% fall and then on 20th Oct 1987 at 11:23 am it got reverted by a buy contract of 150 MMI contracts.... wonderful documentary overall...

[@afterdark6822]

Great documentary.