October 1987

Asian bourses are down 1.75 – 2% as of this moment — might this be a coincidental forewarning on the 20th anniversary of the October 19, 1987 crash?

Rather unlikely — as you can see by this 30-day chart of October 1987 (via WSJ), US markets fell on 10/19/87 by more than 10X that amount — 23% !

Dow_intraday_1987

Source:
Exorcising Ghosts of Octobers Past
Despite Housing Slump, Crashes Such as in 1987 Likely to Stay Memories
E.S. BROWNING
WSJ, October 15, 2007; Page C1
http://online.wsj.com/article/SB119239926667758592.html

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