Today October 19th....20yr anniversary of Black Monday Crash

[stephenNUTS]

I am sure many of you were too young to remember that day,but regardless....post some thoughts on the subject,and are we close to another fateful day like that in the near future?

[skindog]

Nothing but boom times ahead, sir

[Brad1970]

I remember it well.......has it been 20 years already??

[stephenNUTS]

Market is ironically very ugly so far today....

[pureCra2z]

Very ugly

[CrushinFelt]

I attended a symposium about it a week ago or so (I knew most of the facts and figures, but I was 3 yrs old at the time so I wanted to hear some first hadn accoutns). The panelists included the head of the CME Clearing house at the time, a trader in the SPX pit at the time, and a technical analyst. Pretty interesting overall. When asked to describe the market conditions leading up to the crash they basically described word for word what has been going on the last few months ;p

[Jimbo]

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When asked to describe the market conditions leading up to the crash they basically described word for word what has been going on the last few months ;p


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Other than leaving out key economic and market differences they did.

Jimbo

[housenuts]

why is the market so ugly today?

[ilikeaces86_]

Buy time. 2% discount ftw.

[stephenNUTS]

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why is the market so ugly today?

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CAT propelled the sell-off this morning when they said economic conditions in the US are the worst in 50 yrs in their opinion.WOW...pretty sick comment by a this giant company
Stock is getting smoked

Throw in the 20 yr. anniversary BS,its Friday,options expiration,just plain ole' profit taking by the herds....and this makes for a nice recipe for a sell-off.

The eerie thing is that the Friday before the CRASH,we had the SAME type sell-off,esp the accelerated selling into the close....then the MONDAY debacle!

Lets see how we open Monday, before anyone panic's though

I will go out on a limb however,and say another Fed rate cut is now probably 100% IMO