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To: Cringing Negativism Network
“I remember the ‘87 crash.”

I was working in downtown San Francisco then. I remember that day very well.
I still have the Wall St Journal articles that tell how the whole financial system was very close to melting down that day.

56 posted on 01/21/2008 9:05:16 PM PST by HereInTheHeartland ("We have to drain the swamp" George Bush, September 2001)
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To: HereInTheHeartland
I still have the Wall St Journal articles that tell how the whole financial system was very close to melting down that day.

This is a meltdown in Asia tonight, no other way to characterize it. Got to think margin calls are exacerbating this, causing forced selling of securities parties would really like to keep.

59 posted on 01/21/2008 9:16:48 PM PST by steve86 (Acerbic by nature, not nurtureā„¢)
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To: HereInTheHeartland
“I remember the ‘87 crash.”

I was working in downtown San Francisco then. I remember that day very well.

I still have the Wall St Journal articles that tell how the whole financial system was very close to melting down that day.

I remember it well also... I was on a flight from DC to Seattle and the pilot kept announcing the Dow drops... hundred by hundred!

There were people practically fighting over the Flite Phones, vainly trying to get through to their brokers!

Just DON"T join the herd selling (although, if you are on margin..., my sympathies...)

63 posted on 01/21/2008 9:35:57 PM PST by ExSES (the "bottom-line")
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To: HereInTheHeartland
“I remember the ‘87 crash.”

I was working in downtown San Francisco then. I remember that day very well.

I still have the Wall St Journal articles that tell how the whole financial system was very close to melting down that day.

I remember it well also... I was on a flight from DC to Seattle and the pilot kept announcing the Dow drops... hundred by hundred!

There were people practically fighting over the Flite Phones, vainly trying to get through to their brokers!

Just DON"T join the herd selling (although, if you are on margin..., my sympathies...)

64 posted on 01/21/2008 9:35:57 PM PST by ExSES (the "bottom-line")
[ Post Reply | Private Reply | To 56 | View Replies ]

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