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July 31, 1987 Black Monday 1987 Market Crash Prediction



Uploaded by: bertmanna
Video Description:
July 31, 1987 on the Nightly Business Report with Paul Kangas, Florida Investment Advisor Kenneth W. Brown predicted the 1987 Stock Market Crash. He called it an October Massacre. Visit our website www.kwbrown.com and subscribe to our market letter for other bold forecasts and great stock picks.


Tags for this video: 1987 21st Advisor Advisors Brown Century Crash forecast Investment Investments K.W. Kenneth KW Market Stock

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cool footage thanks! ( 11 months ago by hianda)
cool footage thanks!
thanks ( 9 months ago by Cxdy)
thanks
nice. ( 8 months ago by stevehawking)
nice.
He didn't say, " ... ( 8 months ago by jordinho13)
He didn't say, "October massacre," he said, "October massacres," meaning multiple. He was talking about previous Octobers where the stock market took a dip after good summers, and implied that October 1987 would resemble some past Octobers. He predicted nothing. No previous Octobers ever lost 22%, so how could he be comparing that year to previous years?
He predicted a ... ( 8 months ago by bertmanna)
He predicted a major market downturn when everyone else was bullish. Mr. Brown was not welcomed back on the Nightly Business Report after for being so pessimistic when all the other analysts were so positive. The Market Letter published during that time was titled "Raise Cash, Protect Profits". He successfully forecasted a major market downturn.
But he didn't say ... ( 8 months ago by jordinho13)
But he didn't say the downturn would distinguish itself from other Octobers. He just said it would be another, "October-type massacre," like from, "the old days."
Though, I give him credit for not drinking the kool-aid like everyone on wall street did/does.
let the dumb market ... ( 7 months ago by dan020350)
let the dumb market crash....
congress has always ... ( 7 months ago by shadowpal2)
congress has always been the major source for a market crash. 1929 - That tarrif act made by those 2 politicians. 1987 - protectionism.
If pro is opposite of con? What is the opposite of progress?
Another person who ... ( 6 months ago by johnnyafairbanks)
Another person who predicted the crash was Martin Zweig on another PBS show, "Wall $treet Week" with the late Louis Rukeyser...just THREE DAYS before Black Monday!!!
Actually the Dow ... ( 6 months ago by raitisfreimanis)
Actually the Dow had two big drops in October 1987, the 19th -22% and the 26th -804%.
Actually the Dow ... ( 6 months ago by raitisfreimanis)
Actually the Dow had two big drops in October 1987, the 19th -22.61% and the 26th -8.04%.
Actually the Dow ... ( 6 months ago by raitisfreimanis)
Actually the Dow had two big drops in October 1987, the 19th -22.61% and the 26th -8.04%.
yeah, i'll echo ... ( 6 months ago by clinevol98)
yeah, i'll echo some of the sentiments already expressed here. this guy didn't predict a crash; he said that we would experience a downturn that we had seen before in the fall ("the old days"). he also said we would go into a recession in 1987, which never happened.
however, he does deserve a lot of credit for advising caution and encouraging people to raise cash and get ready for a market fall.
all i can say is ... ( 2 months ago by hwns)
all i can say is america is fucked at the moment big time!
severe echo??!! ( 3 weeks ago by Brian211978)
severe echo??!!
greasy jews ( 2 weeks ago by synthpopclassics)
greasy jews



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