"In 1987, the decline took longer but from when it really started cascading lower, it only took 10 days," said Matt Maley, equity strategist at Miller Tabak. The market top was in August, 1987.
"In both cases, the economy was at or near full employment and generally healthy going into the crash. Both suffered severe and amazingly quick collapses and… both have very similar patterns leading up to and during the crash. After the 1987 capitulation, there was also widespread calls for an imminent recession as there are today," he said in a note.
Best buying opportunity since 2008
jimmy cracked corn and i don't care.
They will. All the Robinhood Bros are going to save us all.
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