July 31, 1987 Black Monday 1987 Market Crash Prediction

[rlichota1]

Proven... I will look for his new predictions.

Robert Lichota Robert Lichota Robert Lichota

Robert Lichota Robert Lichota Robert Lichota

Robert Lichota Robert Lichota Robert Lichota

[radiodj1520]

I Believe This Was A VIdeo Clip Of PBS-TV's The Nightly Business Report's Report On Black Monday 1987 Market Crash Prediction On Friday Evening, July 31, 1987.

[deltapunk21]

THE CONGRESS SHOULDN'T "sERVICE" THE ECONOMY This guy was wrong.

[synthpopclassics]

greasy jews

[schrollG]

There is no room on YouTube for anti-Semitic jerks like yourself!

[synthpopclassics]

Fuck you ugly half arab nigger. you're nothing but an asiatic faggot loser/khzar.

I'm more of an isralite(white cannons aka indo euros) jew than you are.

[Vickerys]

chill out dude

[hwns]

all i can say is america is fucked at the moment big time!

[clinevol98]

yeah, i'll echo some of the sentiments already expressed here. this guy didn't predict a crash; he said that we would experience a downturn that we had seen before in the fall ("the old days"). he also said we would go into a recession in 1987, which never happened.

however, he does deserve a lot of credit for advising caution and encouraging people to raise cash and get ready for a market fall.

[raitisfreimanis]

Actually the Dow had two big drops in October 1987, the 19th -22.61% and the 26th -8.04%.

[Brian211978]

severe echo??!!

[johnnyafairbanks]

Another person who predicted the crash was Martin Zweig on another PBS show, "Wall $treet Week" with the late Louis Rukeyser...just THREE DAYS before Black Monday!!!

[shadowpal2]

congress has always been the major source for a market crash. 1929 - That tarrif act made by those 2 politicians. 1987 - protectionism.

If pro is opposite of con? What is the opposite of progress?

[dan020350]

let the dumb market crash....

[jordinho13]

He didn't say, "October massacre," he said, "October massacres," meaning multiple. He was talking about previous Octobers where the stock market took a dip after good summers, and implied that October 1987 would resemble some past Octobers. He predicted nothing. No previous Octobers ever lost 22%, so how could he be comparing that year to previous years?

[bertmanna]

He predicted a major market downturn when everyone else was bullish. Mr. Brown was not welcomed back on the Nightly Business Report after for being so pessimistic when all the other analysts were so positive. The Market Letter published during that time was titled "Raise Cash, Protect Profits". He successfully forecasted a major market downturn.

[jordinho13]

But he didn't say the downturn would distinguish itself from other Octobers. He just said it would be another, "October-type massacre," like from, "the old days."

Though, I give him credit for not drinking the kool-aid like everyone on wall street did/does.

[raitisfreimanis]

Actually the Dow had two big drops in October 1987, the 19th -22% and the 26th -804%.

[raitisfreimanis]

Actually the Dow had two big drops in October 1987, the 19th -22.61% and the 26th -8.04%.

[Brian211978]

severe Echo?!

[stevehawking]

nice.

[Cxdy]

thanks

[hianda]

cool footage thanks!