First 10 minutes of Wall Street Week episode from Friday October 16, 1987 just prior to the market crash on black Monday. Hosted by Louis Rukeyser, guests included Martin Zweig, Marry Farrell, Louis Holland and Allen Sinai.
“They are not real buyers and sellers… these are computers that drive the markets down extremely fast…”
“A crash is coming…”
“A correction will prompt rate cuts which will ensure The Bull Market is not over…”
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It’s never different this time… The Friday night before Black Monday 1987…
Full article: 2015 Or 1987? Computerized Trading & “A Crash Is Coming” Or Rates Mean “Bull’s Not Over” (Zero Hedge)