1987 Market Crash, CNN news Story

[fububalla]

How many FUCkin recessions can Phil Gramm deliver to the American people before he gets out of Washington?

[ajgolfer1]

meh the late 80's turned out pretty damn good

[tomloft2000]

the next recession was about three years away.

[MotorCityPlayer]

If you think it CANT happen again...think again...DONT let anyone talk you out of protecting yourself. Buying gold, and silver, and food and ammo is a sure way of survival in this current situation. As soon as China, and OPEC decide to dump the dollar, we are ALL in trouble..

[ZEROEVILDARKCOOL]

3:16 "BANKS CLOSED". I REMEMBER HEARING THE NEWS STORY OF A BANK CLOSING FOR THE FIRST TIME SINCE THE 1920S IN AROUND 2008 AND I WAS LIKE "OH SHIT".

[james040280]

2000 was a landmark for the Dow at this time...wow; wonder what we'll think of 10,000 in 30 years

[ijustinsane]

"consumer spending is the engine of our economy." Brilliant. Where did that get us?

[GrailcodeDotNet]

One year old when this was recorded, lol !!

Damn.

I was the age you are now when this was *taped*, lol

[momoville100k]

K- mart sucks

[kailynleto]

Now it does.  But back then (before I was born - reportedly), and even when I was little, Kmart was the best.

[ASKconard]

The market recovered after the Crash of 87 and it will recover after the Crash of 08.

[MrShane737]

@ASKconard no actually the equity markets collapsed in 2008 and they are just propping it up with bail out money = tax payers dollars... and then the well will run dry...

[davidlee110]

@MrShane737 remember the May 6th one.

[MrShane737]

@davidlee110 that one scared the shit out of me... i pray its not going to happen again... but the FED's constant insanity is making it hard to have any hope

[davidlee110]

@MrShane737 CSX got Robbed today. LOL

[obamainformation]

I remember this , This was the Black Monday under President Reagan.

[jasonfinancier]

Will you also remember this sub prime crisis contribution of Clinton, Dodd and Frank?

[SHKEVE]

Ouch. 1987 fashion was pretty rough on the eyes.

[DaveWhiteInYoFace]

Deja vu

[gli7utubeo]

Nice job. Thanks!

[zee339]

use a cleaning tape already, geez

[lrvives]

wal-mart stocks were less than 10 dollars each back then...

[dgendvil]

How come CNN didn't mention mega-retalier Wal Mart back in 1987?

[elroylamont]

Wal Mart did not exist in 1987 and a lot more things were actually made in the U.S. and we kept more quality jobs here back then.

[elroylamont]

My bad... It actually did exist as a company all the way back until 1962. But it was not at all the big Chinese, job destroying import monster it is today. I never even saw a Wal Mart until the late 1990's