Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Tommaso who wrote (37017)	9/13/2005 7:12:25 PM
From: George K.	Read Replies (2) of 116555

Investors didn't lose any money in the 1987 crash the way I remember it. How could they? They couldn't sell. Nobody answered the phones. It was the traders that blew out! There'd been some market troubles in the 8 or so weeks beforehand I keep thinking. Maybe even a mini crash. Anyway, I always thought the selloff was precipitated by James Baker running his mouth at the Germans over the weekend on a trade or currency issue. Seem to remember reading a lot on this at the time in the papers but not much that ever wound up in the histories you see om the net. Geo.

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