Wednesday 19 October 2016

A Crash Like 1987


Is the sky falling for stocks?

Time to head for the hills and put all your money into cash and gold?

You Be The Judge.

But some investors are starting to worry the market could be due for another huge sell-off -- just like the infamous Black Monday crash that happened exactly 29 years ago.

October 19, 1987.

In anticipation of this not exactly significant milestone, some traders have started to circulate a stock chart that appears to show eerie parallels to 1987.

If you look at it quickly, it's more frightening than any creepy clowns that may be wandering around your neighborhood this Halloween.

The chart simply traces the current performance of the S&P 500 over the 1987 chart. It doesn't take into account percentage moves