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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: regli who wrote (37070)9/14/2005 6:58:43 AM
From: Square_Dealings  Read Replies (1) | Respond to of 116555
 
<What caused the crash? By August 1987 the bull market that had existed since 1982 was the longest in 50 years. The total value of stocks in all markets had increased from $2,472 billion in 1980 to $5,995 billion in 1986.>

$5,995 billion total ? Can it be right?

m



To: regli who wrote (37070)9/14/2005 9:10:05 AM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 116555
 
Tight money and the yield differential between stocks and bonds catalyzed the crash. Program trading caused it.