Unpublished Paper
I Why the New York Stock Exchange Crashed in 1929 and 1987 and Why It Could Crash Again
(2010)
Abstract
Between January 2, 1929 and December 31, 1988 the Dow-Jones Index of 30 Industrial moved up or down more than 2 percent on 958 trading sessions out of the 16,084 total. Twice in October, 1929 and in October 1987 the drop was more than 23 percent. An unmistakable striking similarity in the trading pattern before both Crashes explain why they occurred.
Disciplines
Publication Date
November, 2010
Citation Information
Lester G Telser. "I Why the New York Stock Exchange Crashed in 1929 and 1987 and Why It Could Crash Again" (2010) Available at: http://works.bepress.com/lester_telser/24/