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% !


Exorcising Ghosts of Octobers Past
Despite Housing Slump, Crashes Such as in 1987 Likely to Stay Memories
WSJ, October 15, 2007; Page C1

Category: Derivatives, Markets, Psychology, Trading

Global Taxes as a Percentage of GDP

Category: Economy, Taxes and Policy

Real World Consequences of Core Inflation Focus

Category: Federal Reserve, Financial Press, Inflation, Taxes and Policy

Property Worsens: Beginning, Middle or End?

Category: Data Analysis, Economy, Psychology, Real Estate

Media Appearance: Kudlow & Company (10/17/07)

Category: Media

WTF Headline of the Day

Category: Data Analysis, Federal Reserve, Inflation, Markets

Strange Inflation News

Category: Data Analysis, Economy, Federal Reserve, Inflation

The Weirdest Product Endorsement Ever

Category: Consumer Spending, Technology

Read It Here First: China’s Next Big Export: Inflation

Category: Financial Press, Inflation

Forex Keynote Speech (Las Vegas)

Category: Data Analysis, Economy, Employment, Markets, Real Estate