ritholtz.com - 10/20/2009
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Rob Fraim is a reader who puts out his own amusing comments each week via email. On the 22th anniversary of the 1987 stock market crash, he put out his recollections from that day, and we are republishing them today, the 20th anniversary of Black Monday.
I found them so interesting that I ...
crossingwallstreet.com - 10/19/2009
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crossingwallstreet.com —
It was 22 years ago today -- October
19, 1987 --that the market busted. The Dow plunged...
508 points, also on a Monday. As it turned out, the crash was an excellent buying opportunity as the market can surging for another 12-1/2 years. If you ...
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22 Years Since the 1987 Crash
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FT Alphaville —
Elsewhere on Tuesday, - The 1987 crash revisited. - David Einhorn on gold, sovereign risk and more. - How Moody’s sold its ratings . - Did easy money fuel the commodity boom ? - Research analysts go renegade. - “Everything you know about China is wrong. ” - Ireland’s Nama , in depth. - “Like most complicated men, Bruce Wasserstein leaves a complicated legacy.” - A FDIC commercial real estate fail. - Banks tell traders to keep attacking the dollar . - Natural gas changes everything? - “The ...
Tuesday morning links
The Mess That Greenspan Made —
... credit claims - Reuters Reverse mortgages: Subprime mess déjà vu? - CNN/Money Countdown to the next crisis is already under way - Munchau, FT Galleon’s Traders Seek Legal Advice, Update Resumes - Bloomberg BofA Was Told U.S. Aid May Help Shares - Bloomberg Einhorn on gold, sovereign risk, and more - Reuters The Race to Save Lehman Brothers - NY Times Marching Toward Zombieland - Kunstler, CFN 1987 Crash Revisited - The Big Picture ...
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FT.com / In depth - Wall Street in biggest fall since 1987 crash
ft.com 10/9/2008 — Global financial crisis Wall Street in biggest fall since 1987 crash By Krishna Guha in Washington, Bertrand Benoit in Berlin, Ben Hall in Paris and David Oakley in London Published: October 9 2008 21:39 | Last updated: October 10 2008 03:28 The US ...
Another crash is all too possible
blogs.ft.com 9/30/2009 — By Michael Pomerleano
I was in Chicago last week to participate in the 12th Annual International Banking Conference sponsored by the Federal Reserve Bank of Chicago and the World Bank. The answer to the question posed — have the rules of the global ...
Press Release
morganstanley.com 9/11/2009 — The Board of Directors of Morgan Stanley (NYSE: MS) today announced that Co-President James P. Gorman will become the Firm's Chief Executive Officer, effective January 1, 2010, while Chairman and CEO John J. Mack will continue to serve as Chairman. ...
22 Years, Two Lessons
norris.blogs.nytimes.com 10/20/2009 — Twenty-two years after another Monday, Oct. 19: Should we fear another crash?
6 Months After the March Crash - Where do We go from Here?
philstockworld.com 9/7/2009 — Happy anniversary market crash .
One year ago, in September, the market started falling in earnest. A lot of people were caught by surprise by that drop as many thought we had just had a major correction and the worst was over. We had bounced off 10,800 on July 14th and ...
When Morgan Stanley almost died
blogs.reuters.com 10/5/2009 — It's a day for long readings: not only Ryan Lizza in The New Yorker , but also Andrew Ross Sorkin , whose book excerpt in Vanity Fair -- all 12,000 words of it -- is now online in full.
It's Not Easy Not Being Goldman Sachs
dealbook.blogs.nytimes.com 7/22/2009 — Morgan Stanley's executives sounded a bit defensive Wednesday as they sought to explain why the firm's trading arm posted a loss in the second quarter as rivals like Goldman Sachs raked in billions.
The Stimulus Debate, Revisited
econlog.econlib.org 10/2/2009 — (October 2, 2009 09:07 AM, by Arnold Kling) Mark Thoma is raising the issue that it is too soon to back away from economic stimulus. See, for example, Paul Krugman, Robert Reich, Tim Duy, and other recent posts. All of these appeared before this ...
Chart of the Week: Volatility and Mean Reversion in 1987-88 and 2008-09
vixandmore.blogspot.com 7/27/2009 — In this week’s chart of the week , I have elected to compare the aftermath of volatility spikes in 1987 and 2008. For the 1987 series, which begins with Black Monday, I have chosen to use a reconstruction of the ‘original VIX’ which has been tracked under the VXO ticker since 2003 and peaked at ...
Another Day, Another Crash
bespokeinvest.typepad.com 10/16/2008 — Out of nowhere, we had another stock market crash today, as the S&P; 500 fell 9.06% for its biggest decline of the current bear market. As shown in the table below, the index had its 8th worst decline ever today going back to 1927. Less than three ...