The Fall of the Mutual Fund Market

There was never really a trade to say the world was falling apart. It's like if you never die your life insurance that gets paid out right. So, and so as the market came in as we came into the summer 1987. And the global markets had rallied the global economy was strong but once again remember the global economy,. although it was connected it was not connected in the way where connected today in terms of how information travels.