This is not to say that the Federal Reserve should ignore extraordinary events such as the
stock market crash in October 1987.
This conclusion is buttressed by complaints from individual investors, who dominate the market for stock options, about excessively quick, involuntary liquidations of their option positions when margin calls were made during the
stock market crash.
To understand the American financial markets in the next 10 years, it helps to understand that the real parallels for the
stock market crash of 1987 were not 1962 or 1929, which was the common comparison 12 months ago, but the bear markets of the late nineteenth century.
The detractors of TAA make several charges: * It's just a fad.--Although it's true that TAA has increased markedly in popularity since the
stock market crash in October of 1987, it actually has been in use since the early 1970s.
There has been nothing substantive built in Midtown since 1987 after the West Side floor area bonus expired and after the
stock market crash quelled developers' and banks' remaining enthusiasm to build new product.
After the terrible
stock market crash of exactly ten years ago, shares had gone back to their previous high within a couple of years.
The club also never recovered from the membership drop after the 1987
stock market crash.
From the
stock market crash on October 19, 1987 through 1994, we truly lived through seven lean years.
Following the 1987
stock market crash, Wall Street firms cut back dramatically, greatly diminishing the demand for new units.
These good times extended to Wall Street - until the
stock market crash of 1929.
Lack of clarity resulting in the
stock market crash and other negative indicators may become a threat to the government which has failed to provide any relief to the masses, said Patron ICST Shahid Rasheed Butt.
stock market crash of 1929 and the global financial crisis of 2008.