Yesterday was the 33rd anniversary of Black Monday – October 19, 1987 – when the DOW crashed 22.6% in one day…a total of 506 points. (Yesterday the DOW was down 410.92 points)
Put that in perspective for a moment.
A 22.6% drop in today’s DOW would be over 6,400 points in one day.
Can you imagine how people in 2020 would react to a massive drop of well over 6,000 points in one day?
It probably wouldn’t be much of a surprise seeing how 2020, The Year of Chaos, has been like a plague on humanity (pun intended).
However, what surprised me was when I called two friends of mine – we were all brokers together in the same office on Black Monday 1987 – to reminisce that particular day’s madness, neither of my friends realized it was 33 years to the date that we stared at our computer screens in disbelief.
Maybe it’s an age thing.
Or, maybe it’s because we tend to block out bad memories.
Or, maybe, Just Maybe, we’re overwhelmed every day with political corruption (Cough! Biden Cover-up, Cough!) fake pandemic data – WEAR A MASK OR YOU’RE GONNA DIE – Increasing Censorship (Cough! Farcebook, Cough! Twitter, Cough! Google, Hairball Cough!) and the prospect of witnessing the most corrupt election in history, that we end up burying our face in our smart phones as a defense against the painful truths we’re facing.
On the day after Black Monday, the New York Times ran the following front page:
Oct nyt crash pic
Look at the articles on the front page and see if you recognize anything familiar:
- The Stock markets are in turmoil
- The US and Iran are fighting
- And a white guy is in trouble for shooting joggers in “gun-free” NYC.
It kinda gives new meaning to the saying, “The more things change, the more they stay the same.”
Having said that I’ll remind you that things are changing at a mind-numbing pace…especially when it comes to the financial world.
Which is why you need to Vote on November 3rd and keep your eyes on Klaus Schwab and his GREAT RESET scheduled to kick off on January 1, 2021.
It’s looking like Schwab could be the next Karl Marx…destined to kill hundreds of millions?
Read more about it in our October issue of “…In Plain English.”
Your financial future may just depend on it.
It’s Not Just About Finance.
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