October Crash of 1987 Explained
by Wong Y T
Chance confluence of several ordinary events creates a Crisis. The October Crash of 1987 is easy to predict if we anatomize it in the way presented to readers in this article. The approach is to study a simple bearish situation, establish corollaries, support them with more evidence, and enlarge the situation to the status of a Crash. There are no black swans in financial markets.