On October 19, 1987, the Dow suffered the biggest one-day percentage drop in its 111-year history (see our previous post). Known as Black Monday, that day saw the Dow plummet 508 points, causing economic panic around the world. While a recurrence is seen as slim by market analysts, they do admit to its remote possibility, and some are concerned about disturbing parallels in today’s market. History is a strict task-master and the shrewd futures trader will learn her lessons.
Black Monday Anniversary Carries Lesson For Futures Traders
October 20, 2007 By
Twenty years ago the Dow plummeted 508 points, an unbelievable 22.6%. It was the biggest one-day percentage drop in the Dow’s 111-year history causing bedlam on Wall Street and economic panic around the world. Black Monday. October 19, 1987.
“You could feel, taste and touch the emotion,” confided veteran floor broker Ted Weisberg, in an interview with the Los Angeles Times. “That day clearly was different from any other day any of us had ever experienced.”
The Impact Of The Media On Futures Markets And Traders
October 7, 2007 By
The power of the media to lead public opinion has been demonstrated time and again. While the fourth estate would argue that they are merely reporting the news, they do, in fact, manipulate — and to a certain extent create — the news, particularly with regard to the economy and the markets. The market is a reflection (some would say, prediction) of national and world economy. In part, market movement is driven by the emotions of people, their confidence or fear, satisfaction or greed.
Futures Blogger Welcomes You
July 8, 2007 By
Welcome to FuturesBlogger.com. I’m Bill McCready, author of the Futures Trading Secrets Course.
Readers of this blog can look forward to articles, trading tips and charts which show how to day trade futures, including futures trading strategies, systems and resources, as well as money management and trading psychology for successful traders. You will find that these strategies will work for Forex trading and day trading stocks as well as futures trading.
