V. 8:13 (499-500): Quick Scans: BLACK MONDAY
Product Description
Quick Scans: BLACK MONDAY
In this chronicle of financial chaos, Tim Metz uses his 21 years' experience with The Wall Street Journal to try to determine what really happened on that crazy day in 1987, three years ago.
The Dow Jones Industrial Average (DJIA) had been making new records until August of that year, despite the index surpassing all rational notions of value. Interest rates had been rising since spring, trashing the bond market. Leveraged buyouts, risk arbitrage and wild updays triggered by program trading added excitement to an already volatile market. The bull market was news, headlining the national magazines. The public was heavily invested and, of course, long.
In this chronicle of financial chaos, Tim Metz uses his 21 years' experience with The Wall Street Journal to try to determine what really happened on that crazy day in 1987, three years ago.
The Dow Jones Industrial Average (DJIA) had been making new records until August of that year, despite the index surpassing all rational notions of value. Interest rates had been rising since spring, trashing the bond market. Leveraged buyouts, risk arbitrage and wild updays triggered by program trading added excitement to an already volatile market. The bull market was news, headlining the national magazines. The public was heavily invested and, of course, long.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |