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1.Market Observations, 8.Was Sticky

20 Oct 2017 (AFR) – Real people’s money and how to see the next crash coming – Nothing to celebrate in the anniversary of the ’87 crash

(20 October 2017, AFR. p27, by Philip Baker)

‘Who said there’s no room for romance on Wall Street and it’s all just about making money? Thirty years after chalking up its biggest one-day fall, the Dow Jones Industrial Average hits a fresh record high and closes above 23,000 for the first time. Happy anniversary indeed. Ever since the Dow dropped 508 points on October 19, 1987, in what became known as Black Monday, investors have “celebrated” the event, but should they?’ <snipped…>

‘It’s why there will always be another crash – it’s just a matter of when and how bad it can be. It’s also why, these days, the bankers use a different strategy to explain what they do.’ <snipped…>

‘The real trick for investors is to see the signs that a crash is coming and hit the sell button. But just what is that?…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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