Preliminary observations on the market crash of October 1987

statement of Richard L. Fogel, Assistant Comptroller General, General Government Programs, before the Subcommittee on Financial Institutions, Supervision, Regulation and Insurance, Committee on Banking, Finance and Urban Affairs, United States House of Representatives by Richard L. Fogel

Publisher: U.S. General Accounting Office in [Washington, D.C.?]

Written in English
Published: Downloads: 231
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Subjects:

  • Stock exchanges -- United States,
  • Securities -- United States,
  • Stock index futures -- United States

Edition Notes

SeriesTestimony -- T-GGD-88-8
ContributionsUnited States. General Accounting Office
The Physical Object
Pagination5 leaves ;
ID Numbers
Open LibraryOL14901349M

observations around the stock market crash of October 19, For this reason, the main sample period we use in this paper is a shorter period running from 7/3/62 through ( for short, or sample A).We break this period into two subsamples: 7/3/62 through 12/31/74 ( for . Investor Behavior in the October Stock Market Crash: Survey Evidence Robert J. Shiller. NBER Working Paper No. Issued in November NBER Program(s):Monetary Economics Program. Questionnaires were sent out at the time of the October 19, stock market crash to both individual and institutional investors inquiring about their. Oct 19,  · Market crash of Listen carefully and see if you can find any similarities with what might most probably next to come! Oh boy! The Friday the 13th mini-crash was a stock market crash that occurred on Friday, October 13, The crash, referred to by some as "Black Friday", was apparently caused by a reaction to a news story of the breakdown of a $ billion leveraged buyout deal .

Oct 16,  · By David Nelson, CFA With the 30th anniversary of the stock market crash just around the corner, Thursday to be exact, it will be hard to not reflect on a day that saw the DOW fall a. Black Monday, Oct. 19, , was a day when the Dow Jones Industrial Average fell by 22% and marked the start of a global stock market decline. Contribution to the Stock Market Crash. Both portfolio insurance and index arbitrage are commonly cited as two types of computer program trading which contributed to the stock market crash of October 19, , also known as Black Monday.. Though there is no debate that these two programs played a role in the crash, there seems to have been at least some debate as to the magnitude of their. Oct 09,  · How to Weigh the Odds of a Stock-Market Crash against those drawing the wrong investment lessons from the stock-market crash—the 30th anniversary of which we “celebrate” on Oct Reviews:

Feb 12,  · A New Hampshire native, he started out in the News' Tonawanda bureau and moved into the business news department in October , exactly a week after the stock market crash.

Preliminary observations on the market crash of October 1987 by Richard L. Fogel Download PDF EPUB FB2

Preliminary observations on the market crash of October statement of Richard L. Fogel, Assistant Comptroller General, General Government Programs, before the Subcommittee on Financial Institutions, Supervision, Regulation and Insurance, Committee on Banking, Finance and Urban Affairs, United States House of Representatives.

Preliminary observations on the market crash of October statement of Charles A. Bowsher, Comptroller General of the United States, before the Subcommittee on Telecommunications and Finance, Committee on Energy and Commerce, United States House of Representatives. GAO discussed issues and problems concerning the October stock market crash.

GAO noted that: (1) the Federal Reserve System (FRS) effectively met its responsibilities during the crisis, but could face difficulties with future crises if Congress relaxed Banking Act of restrictions; (2) the equity and futures markets have developed intermarket and international linkages; (3) the U.S.

This report presents GAO'S early observations on the events of October, focus&g on the evolution of the futures and securities markets and their interrelationships as exemplified by the activity on Monday, October 19, Tuesday, October 20, and the prior week.

Preliminary Observations on the Market Crash of October Statement of Richard L. Fogel Assistant Comptroller General, General Government Programs Before the Committee clubhipicbanyoles.comg, Housing and Urban Affairs United States Senate.

Ill i Preliminary observations on the October crash: Responsibility: United States General Accounting Office. Black Monday: The Stock Market Catastrophe of October 19, [Tim Metz] on clubhipicbanyoles.com *FREE* shipping on qualifying offers.

Detailed reading about the events and factors involved in the devastating stock market crash of October 19, Cited by: 3. By the end of the trading day on October 16, which was a Friday, the DJIA had lost percent. 5 The weekend trading break offered only a brief reprieve; Treasury Secretary James Baker on Saturday, October 17, publicly threatened to de-value the US dollar in.

Monday, October 19, is known as Black Monday. On that day, stockbrokers in New York, London, Hong Kong, Berlin, Tokyo and just about any other city with an exchange stared at the figures running across their displays with a growing sense of dread.

Black Monday is the name commonly attached to the large stock market crash of October 19, Preliminary observations on the market crash of October 1987 book In the United States, the Dow Jones Industrial Average (DJIA) fell exactly points (%).

This was the largest one-day percentage drop in history. Oct 19,  · The stock market crash of is perhaps more remarkable than the more recent Tech Bubble or Financial Crisis Crashes and singular even today because of the fact that it was and still is the largest one-day change in market history.

The Dow Industrial Average lost % on October 19thor $ billion clubhipicbanyoles.com: Joseph Meth. Oct 16,  · So, that's why the stock market crashed on Oct.

19, It was a "perfect storm." You had leveraged risk arbitrage investors who were "forced" to sell to meet margin calls. You had mutual fund Author: Matt Maley. Cash Market Activity During October to the U.S.

Commodity Futures Trading Commission (Nov. 9, ) [hereinafter CFTC Interim Report]. See CFTC Final Report, supra note 6, at xii-xiii. See General Accounting Office, Preliminary Observations on the October Crash (Jan. 26, ) [hereinafter GAO Report]. Explaining the Stock Market Crash and Potential Implications by John Paul Koning My goal in this paper is to provide you with a simple, non-technical explanation for the stock market crash.

The crash occurred on Monday, October 19,and resulted in a fall of 22%, the biggest single one-day decline in Wall Street history. The Stock Market Crash of or "Black Monday" was the largest one-day market crash in history.

The Dow lost % of its value or $ billion dollars on October 19th and were banner years for the stock market. These years were an extension of an extremely powerful bull market that had started in the summer of S&P comparison to VXO (implied volatility of OEX options) -- former VIX -- during the stock market crash of October What caused the crash of.

According to a Federal Reserve paper, a combination of circumstances made the crash possible. In the five years preceding the crash, stocks were supported by new entrants into the market (pension and (k) plans), which drove up.

Oct 19,  · In the two trading sessions on Oct. 19 and Oct. 20,Nike shares fell to 94 cents from $, a total decline of 26%. The stock recovered to pre-crash levels by late Januaryand Oct 18,  · So from tothe market rose roughly %.

Inthe market spiked 44% from January to August. Then it slid all the way back down. And surprising everyone, I’m sure, ended the year positive 2%. The ’87 market went nowhere from start to finish. Yet, it. The crash on October 19,a date that is also known as Black Monday, was the climatic culmination of a market decline that had begun five days before on October The DJIA fell percent on October 14, followed by another percent drop on Friday, October 19 Oct Infamous stock market crash that represented the greatest one-day percentage decline in U.S.

stock market history, culminating in a bear market after a more than 20% plunge in the S&P and Dow Jones Industrial Average. Feb 16,  · The stock market crash of was a rapid and severe downturn in U.S. stock prices that occurred over several days in late October of While the crash originated in.

Aug 19,  · The Stock Market Crash of | Cancel Crash the largest single day drop in the history of the stock market. But it was on Tuesday, October 20th that. For as the book points out, that human-based NYSE's market making approach was central in ending the crash just past midday on Tuesday, October 20, From Turnarounds and Workouts: Metz uses his twenty-three-year career as a journalist with the "Wall Street Journal" to good effect in this account of the worst stock-market crash since Twenty years after the crash ofthe market is at or near a record high.

Such was also the case in on the the year anniversary of the crash. Here's how CNBC saw it then. Preliminary Observations on the October Crash (Jan. ) GAO Preliminary Report to Congress, Stock Market Crash of October (Feb.

3, ). A Brief History of the Stock Market Crash with a Discussion of the Federal Reserve Response Mark Carlson NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment.

On October 19,the stock market, along with the. A major conclusion of this review is that new market-making procedures are needed to cope with the growing institutionalization of trading in equity and equity-derivative markets. Within four months of the stock market crash on October 19,there were six studies of what clubhipicbanyoles.com by: 9.

O.R. Applications Contagion around the October stock market crash Jian Yang a, David A. Bessler b,* a Department of Accounting, Finance and MIS, Prairie View A&M University, TXUSA b Blocker Building, Texas A&M University, College Station, TXUSA Received 3 November ; accepted 27 April Available online 26 July NBER Working Paper No.

Issued in August NBER Program(s):The Monetary Economics Program. In a questionnaire survey we asked Japanese institutional investors to recall what they thought and did during the worldwide stock market crash in October, November Investor Behavior in the October Stock Market Crash: Survey Evidence ABSTRACT Questionnaires were sent out at the time of the October 19, stock market crash to both individual and institutional investors inquiring about their behavior during the crash.

Nearly responses were received. unverified, so observations about the events of October are prelim­ inary. Severtheless. steps should be taken immediately by the self-and federal regulators to reduce or eliminate problems, such as the follow­ ing, that may create unnecessary market uncertainty.

Pale 7 (';AO/GG[) Flnancial Marki!l.Oct 19,  · A look back at 's Black Monday market crash On October 19th,the Dow Jones Industrial Average dropped a total of points, losing percent of its total clubhipicbanyoles.com: Art Cashin.Oct 19,  · On Oct.

19,a day that became known as “Black Monday,” the stock market crashed as the Dow Jones Industrial Average plunged points, or percent in value, its largest single-day percentage clubhipicbanyoles.com crash came after a two .