July 31, 1987 Black Monday 1987 Market Crash Prediction
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Uploaded by bertmanna on Oct 16, 2007
July 31, 1987 on the Nightly Business Report with Paul Kangas, Florida Investment Advisor Kenneth W. Brown predicted the 1987 Stock Market Crash. He called it an October Massacre. Visit our website www.kwbrown.com and subscribe to our market letter for other bold forecasts and great stock picks.
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Top Comments
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all i can say is america is fucked at the moment big time!
3 years ago 3
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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.
All Comments (23)
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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
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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.
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THE CONGRESS SHOULDN'T "sERVICE" THE ECONOMY This guy was wrong.
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chill out dude
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There is no room on YouTube for anti-Semitic jerks like yourself!
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severe Echo?!
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severe echo??!!
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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?
jordinho13 4 years ago
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.
bertmanna 4 years ago