The stock market crash 30 years ago on October 19th, 1987. The Dow dropped a shocking 22.6 percent, more particularly 508 points. It stands in history as the stock market’s worst day ever. The strange thing was it was no particular event or situation that made it happen. The stock market had peaked two months before the crash, and had days where it would hit extremes from high to low.
It was a Black Monday and things got off to a rocky start. There were many stocks that did not open for several minutes, putting specialist in a frenzy to deal with customer orders. Panicked clients were jamming up the phone lines, creating a very frenzied situation. Analyst and brokers laughed manically, due to the seemingly impossible situation that was unfolding in front of them. The programs they used compounded loss, upon loss. They normally are suppose to reduce loss with options and futures.
Unfortunately there has been flash crashes, one on August 24th, 2015. In the first five minutes the Dow dropped a whopping 1,100 points. There also was a drop in China’s market that was considered a sell-off. There was also a bond flash crash on October 15th, 2014 which was blamed on automated high-frequency algorithms. Yet another crash happened on May 6th, 2010. If you plan on investing in the stock market, good investors anticipate these flash crashes and prepare for them. These crashes are not unusual and happen every once in a while. It important to have a set amount of cash on the side to prepare for these crashes.
The Oxford Club is a private financial organization with members all over the world in 100 different countries. The 80,000 members are made up of very successful entrepreneurs and investors. The Oxford Club is located in Baltimore, Maryland and has 51 to 100 employees.
The elite club was founded in 1989 and its mission is to gain and protect extraordinary wealth. This is done by providing members with special opportunities that are not found in the mainstream press. They select only the finest investment opportunities that yield the best returns with the lowest amount of risk.
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