MarketWatch/Shawn Langlois/10-18-2020
“[O]n October 19, 1987, it got ugly in a hurry. Unsettling financial developments, including a widening trade deficit in the U.S., ‘portfolio insurance,’ lofty equity valuations and, perhaps most importantly, the rise of computer trading, slammed the stock market with a toxic combination that led to one of the worst trading days in history.”
USAGOLD note: The chart is worth the visit – uncanny would be a good description. October is the month when markets have been known to go bump in the night.
