Previously on
MoreLiver’s:
Revisiting the 1987 Crash – The Big
Picture
Lessons from the
Crash of '87 – A
Dash of Insight
I was a mere three weeks into my new job as research
director for a group of market makers at the Chicago Board Options
Exchange. It was a dramatic experience.
A Computer Lesson
Still Unlearned – NYT
What it did signify was the beginning of the
destruction of markets by dumb computers. Or, to be fair to the computers, by
computers programmed by fallible people and trusted by people who did not
understand the computer programs’ limitations. As computers came in, human
judgment went out.
Déjà Vu for the
Market as the Black Monday Crash of '87 Turns 25 – Advanced
Trading
There are several parallels between how participants
responded to major market crashes in 1987 and 2008, including calls for more
transparency, and a significant reshaping of market structure.
Another stock crash like 1987’s is inevitable – MarketWatch
Prepare
yourself for another stock market crash as big as the free fall in October
1987.
Happy Black Monday
Friday to you! – alphaville
/ FT
Black Monday Echoes
With Computers Failing to Restore Confidence – BB
A quarter century after the worst one-day stock crash
in history, measures to prevent a repeat are failing to keep investors from
losing confidence in the market.
Black Monday After 25 Years – The Big
Picture
WSJ Reporters of Two
Generations Remember 1987 Crash – MarketBeat
/ WSJ
Wall Street Journal reporters E.S. Browning and Steven
Russolillo joined Markets Hub for a cross-generational analysis of Black
Monday, the 1987 stock-market crash.
Black Monday
Remembered: Could it Happen Again? – MarketBeat
/ WSJ
What have we learned since the 1987 stock market
crash? Nanex Founder Eric Hunsader joined the Markets Hub this morning to
discuss how the markets have changed
Investor Behavior in
the October 1987 Crash – The
Big Picture
Robert Shiller, Investor Behavior in the October 1987
Stock market Crash: Survey Evidence, NBER
Working Paper Series (scribd embedded, or download)
Crash of ’87
Recollections: ‘My Singularly Worst-Day Ever’ – MarketBeat
/ WSJ
Former Securities and Exchange Commission Chairman
David Ruder remembers being at the helm of the SEC on Oct. 19, 1987, the day
the Dow plummeted nearly 23%.
10 lessons from the
1987 stock market crash – MarketWatch
The more things change, the more they stay the same —
except computers are faster
So How Predictable
Was 1987? – Crossing
Wall Street
What I find interesting in 1987 is seeing how
arbitrary it all seemed. In 1987, there were several unusual events that all
seemed to coalesce before the plunge
Black marks from Black Monday – The
Economist
A big
market crash happened 25 years ago this week. The wrong lessons were taken from
it
Have we learned nothing? – Free
exchange / The Economist
Lessons From Black Monday – PragCap
Some
noteworthy observations about the 1987 crash that give lessons for today’s and
future market environments
Art Cashin: Black Monday, An Unforgettable
Single Day – The
Big Picture
Fear seemed
to disappear. Junior traders laughed at their cautious elders and told each
other to “buy strength” rather than sell it, as each rally leg was soon
followed by another.
MarketBeat Podcast: Remembering the Crash of
1987 – MarketBeat
/ WSJ
The Conditions that
Led to the Black Monday in October 1987 – HistorySquared
As Black Monday Turns 25, Risk of Similar Crash
Persists – Advanced
Trading
The speed
and connectedness of today's buyers and sellers is so much faster, that if a
crash occurred, it could be more devastating.
ADDED LATER
How I Caused the 1987 Crash – Bruce Krasting / ZH
ADDED LATER
How I Caused the 1987 Crash – Bruce Krasting / ZH