I had no real understanding, interest or involvement in the stock market in 1987, which I don't think served me very well now that I have an understanding of the opportunities available in this space.
I find the attached slide really interesting. The average return of 13.2% is pretty ordinary which is what put me off. Once of course you realise that a large number of stocks loose money which is balanced by a small number that make a fortune it can be a highway to very high returns if you can pick the winning formula.
I know a few people who lost faith in 1987 and retreated to safe havens. A risk-off triger was pulled on black Tuesday.
It's interesting to look at what the market performance slide tells us about that period in time. Was it really a disaster or had people been lulled into expecting too much during the ???? 80's ?
Absolutely crazy conditions happened again in the latter half of 2020 and early 2021 when the covid lockdowns influenced a frenzy of new entrants who were up for a risk-on period and fuelled crazy PE ratios.
Here's a rough analysis of the 80's
For simplicity I'll use averages i.e. 0-10 = 5
1983 +65% = 1.65
!984 - 2.5% = 1.44
1985 +45% = 2.09
1986 +55% = 3.24
!987 -5% = 3.08 ( -5% is year average the market was down 40% on the day)
1988 +15% = 3.54
1989 +15% = 4.08
1990 -15% = 3.47
1991 + 30% = 4.50
I can't find any historical Indices numbers to go back that far to cross check but it seems the 40% drop on black was not that significant for those who held nerve and stayed in.
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Mkt cap ! $52.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 579397 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.125 |
3 | 21132 | 0.120 |
4 | 68358 | 0.115 |
5 | 125372 | 0.110 |
2 | 203257 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 579397 | 4 |
0.135 | 123652 | 3 |
0.140 | 767639 | 5 |
0.145 | 112210 | 3 |
0.150 | 200225 | 5 |
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