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The fragile state of today’s world financial markets is not a new phenomenon. It wasn’t long ago that the world braced itself for another Great Depression.
It was the defining moment of the 1980's. The New York Stock Exchange, the epicenter of the world financial markets and backbone of American capitalism, was under siege. On October 19th, 1987, the Dow Jones Industrial Average plunged 508 points, the largest single day drop in the history of the stock market. But it was on Tuesday, October 20th that the world's financial markets came within 5 minutes of total disintegration.
How was it averted? Was it a miracle? Manipulation? Or a lucky trade?
Cancel Crash depicts the dramatic events that saved the world from financial anarchy and presents for the first time what actually happened on Terrible Tuesday. Framed between the opening bell on Friday, October 16th to the closing bell of Terrible Tuesday, the story unfolds as the perilous clock ticks, revealing those who prevented a global Depression and saved our financial markets.
00:00 Stock’s Largest Single Plunge…
01:55 The Saviors Of The Markets
02:09 Welcome To The 80s
03:05 A History of Derivatives and Trades
05:08 Indexes, Explained
06:25 Record Highs (and warnings)
08:48 The Dow’s 1st Dip
10:58 The Bottom Hasn’t Hit
12:02 $500 MILLION in Stock, Sold
14:18 What Made ’87 Different?
17:27 The Carnage of the Crash
18:29 Bracing for Depression
21:47 The World Tries to Stay Calm
23:41 Morning After the Crash
26:00 Will Markets Adapt?
29:22 “It’s the End of the world (and we’ll be blamed)
30:54 CME makes its decision
32:01 Hope From Chicago?
34:00 New York’s Response
34:58 Market Euphoria
36:09 Who Saved The Market?
39:09 Could This Happen Again?
40:45 What We Learned From ’87
41:58 Watch More tastytrade
======== tastytrade.com ========
Finally a financial network for traders, built by traders. Hosted by Tom Sosnoff and Tony Battista, tastytrade is a real financial network with 8 hours of live programming five days a week during market hours. From pop culture to advanced investment strategies, tastytrade has a broad spectrum of content for viewers of all kinds! Tune in and learn how to trade options successfully and make the most of your investments!
Watch tastytrade LIVE daily Monday-Friday 7am-3:30pmCT: goo.gl/OTv3Ez
Subscribe to our YouTube channel: www.youtube.com/user/tastytrade1?sub_confirmation=1
Follow tastytrade:
Twitter: twitter.com/tastytrade
Facebook: www.facebook.com/tastytrade
LinkedIn: www.linkedin.com/company/tastytrade
Instagram: instagram.com/tastytrade
Pinterest: www.pinterest.com/tastytrade/
It was the defining moment of the 1980's. The New York Stock Exchange, the epicenter of the world financial markets and backbone of American capitalism, was under siege. On October 19th, 1987, the Dow Jones Industrial Average plunged 508 points, the largest single day drop in the history of the stock market. But it was on Tuesday, October 20th that the world's financial markets came within 5 minutes of total disintegration.
How was it averted? Was it a miracle? Manipulation? Or a lucky trade?
Cancel Crash depicts the dramatic events that saved the world from financial anarchy and presents for the first time what actually happened on Terrible Tuesday. Framed between the opening bell on Friday, October 16th to the closing bell of Terrible Tuesday, the story unfolds as the perilous clock ticks, revealing those who prevented a global Depression and saved our financial markets.
00:00 Stock’s Largest Single Plunge…
01:55 The Saviors Of The Markets
02:09 Welcome To The 80s
03:05 A History of Derivatives and Trades
05:08 Indexes, Explained
06:25 Record Highs (and warnings)
08:48 The Dow’s 1st Dip
10:58 The Bottom Hasn’t Hit
12:02 $500 MILLION in Stock, Sold
14:18 What Made ’87 Different?
17:27 The Carnage of the Crash
18:29 Bracing for Depression
21:47 The World Tries to Stay Calm
23:41 Morning After the Crash
26:00 Will Markets Adapt?
29:22 “It’s the End of the world (and we’ll be blamed)
30:54 CME makes its decision
32:01 Hope From Chicago?
34:00 New York’s Response
34:58 Market Euphoria
36:09 Who Saved The Market?
39:09 Could This Happen Again?
40:45 What We Learned From ’87
41:58 Watch More tastytrade
======== tastytrade.com ========
Finally a financial network for traders, built by traders. Hosted by Tom Sosnoff and Tony Battista, tastytrade is a real financial network with 8 hours of live programming five days a week during market hours. From pop culture to advanced investment strategies, tastytrade has a broad spectrum of content for viewers of all kinds! Tune in and learn how to trade options successfully and make the most of your investments!
Watch tastytrade LIVE daily Monday-Friday 7am-3:30pmCT: goo.gl/OTv3Ez
Subscribe to our YouTube channel: www.youtube.com/user/tastytrade1?sub_confirmation=1
Follow tastytrade:
Twitter: twitter.com/tastytrade
Facebook: www.facebook.com/tastytrade
LinkedIn: www.linkedin.com/company/tastytrade
Instagram: instagram.com/tastytrade
Pinterest: www.pinterest.com/tastytrade/