Black Monday and The Black Swan

Monday, October 19, 1987, is a day I will never forget. The Mighty Dow crashed 508 points, 22.6%! It was a day of chaos and panic, but no surprise. I was test-marketing the VectorVest Stock Advisory at that time and our trustworthy VV DJIA warned us that the Dow was 19.4% overvalued when it closed [...]

Black Monday, 1987

Ten years ago I wrote an essay called, “Not Surprised.” The thrust of that essay was to let our subscribers know that Black Monday just didn’t happen as a random event. There were several serious problems with the market in 1987 and our indicators were making them apparent. For example, the market was overvalued. The [...]

2007-10-19T16:25:30+00:00October 19th, 2007|Categories: The Views|Tags: , , , , |0 Comments
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