The Mother of All Crashes

35 years ago today we got hit with the mother of all crashes black monday people forget but earlier in 1987 we had one of the greatest rallies I can recall s&p surging 32% from January through September. We ran up almost every single week it was pure joy for me as a young hedge fund manager and i couldn't believe how intoxicating it all was. The trajectory of stocks had nothing to do with the economy the asset class simply failed that day since then we've instituted what are known as circuit breakers which would stop trading if we hit certain levels on the way down Trading stops market gathers its breath they don't work because markets are still guided by fear and greed green grows over