SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: BigMoney who wrote (122961)9/17/2001 4:50:08 PM
From: Michael Watkins  Respond to of 436258
 
well, i think they achieved what they wanted.
they managed to prevent another 1987-type crash (-22%)


No doubt the intervention plus all the warm and fuzzies being presented to the public helped.

Perhaps another factor is that '87 came off of very recent (several weeks prior) all time new highs, whereas today's move comes after a very long downtrend, and that I think also helped to contain things.

For now at least.