American History

JT45242

(3,090 posts)

2. Remember it vividly, beginning of senior year of HS

Reply to mahatmakanejeeves (Original post)

Sun Oct 20, 2024, 07:43 AM

Oct 2024

A lot of friends were panicked.
"My parents list my whole college fund yesterday"

My reply was "did they sell yesterday? If they didn't sell they didn't lose anything. The stock market always bounces back as long as they don't sell low you'll be fine. "

These were smart kids (honors track, national merit finalists) and they didn't understand that the losses only occur if you sell. Otherwise it is just noise. As I recall the bounce back only took about 12 months.

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On October 19, 1987, Black Monday, the Dow Jones Industrial Average fell by 22.6 percent. [View all] mahatmakanejeeves Oct 2024 OP

Before the Crash bucolic_frolic Oct 2024 #1

Oh, I remember that episode well. Marty Zweig was so downbeat. mahatmakanejeeves Oct 2024 #4

Thank you, for all the historical postings. It's a cultural education. bucolic_frolic Oct 2024 #5

Thank you. Posting these has been my pleasure. mahatmakanejeeves Nov 2024 #7

Remember it vividly, beginning of senior year of HS JT45242 Oct 2024 #2

If in fact, instead of selling, you bought marybourg Oct 2024 #3

Video clips of "Wall $treet Week with Louis Rukeyser" from back then. mahatmakanejeeves Oct 2024 #6