you know its going down when you're on two phones at the same time.

Crashes and bubbles are persistent features of financial markets and are exacerbated by narratives. But pro tip, people will ALWAYS be talking about the coming crash (: Literally, always. It has been like this for a decade, and many, many people have lost juicy returns by listening to that advice.

It’s bizarre seeing Jim Haggerty being a real newscaster.

It's JIm Haggerty!

Dow was at 2,709 on August 21, 1987, (dropped because of the crash), and didn't recoup the loss until Sep. 8, 1989 (when it reached 2,709 again, 2 years later)

Love watching these. Makes me realize everything will be okay in the long run.

Awesome, this guy is on the Onion New Network!

History has shown this this was actually an incredible buying opportunity, as was the crash in march of 2020. When everyone is totally freaking out and even the experts are against buying many times these are actually the best times to buy.

Jordan Belfort got a job at stock market just days before Black Monday and he never gave up, Thats a huge Lesson

Holy crap it’s Jim Haggerty from Today Now!

Here with the Coronavirus crash. It’s pretty bad...

Insightful content. My utmost goal is $3million and a few passive income sources for sustainability, I'm currently 40 and although I started investing this year I still have high hopes for the future. Hopefully the market doesn't undergo a crazy crash.

who else is watching it in 2020 ? aug-sep

Just started the 1987 section of "A History of the United States in Five Crashes". Highly recommend reading if you find this kind of thing interesting.

imagine the relentless bull run ever since

Who would’ve thought that allowing corporations to hoard all the wealth, increasing interest rates, decreasing average income, tightening the money supply, increasing the nation’s deficit, and depreciating the U.S. dollar in international currency markets would cause the stock market to be vulnerable to a sudden crash.

It’s hilarious how it went back up as if nothing happened.

Welcome back👋

Watching this after experiencing my first correction as an investor as the major indices (and my portfolio) are down about 10% during the past 3 weeks

2:43 this guy is still at cnbc, incredible.

IT'S THE HUMAN PIG

Remarkably similar to today.

I know why you´re watching this in 2021 ;)

First, there was the crash of 1987, 2 years later the Berlin wall came crashing down! The crash of 1987 and 2008 will be nothing in comparison to the next crash. Every crash is different. The end of one era and the beginning of another.

That afternoon,I went to an ear,nose,and throat doctor. After I left the office and found out what had happened,I thought that my eyes needed examining as well.

When Jordan Belfort got a job at the investacenter

It all comes tumbling down

0:44 "Then like a plague, sell fever headed west" That hits different after COVID-19.

This is HUGE.

Who’s watching this on June 12th 2022

"You're trying to find the bottom, then you said this is the bottom and next thing you know it goes more bottom again"

At the very end when he said Sam Walton lost about $1 Billion in a single day, I felt that 😩

Did anyone noticed security stopping the camera man? 1:44

What the heck, isnt this the guy from the Onion News videos??? HAHA!

What a time to buy.

Ah the good old days when as a CEO you could just say "I wasn't ware of the market crash today".

0:15 Dow dropped more than 22% 2:19 Dow lost 17.5% from Aug. 18 to Oct. 16, 1987

0:50 guy's serious about his job

It’s the percentage drop that’s important not the points.

Crazy

The whole time this was happening I was a clueless High School junior thinking about nothing but boys and the school musical. I've since had to deal with 2001, 2008, and now the current shit show so figured I should go back in time and learn a little more about what happened in 1987! So far it sounds like the same story!

Anybody here before the 2021 crash?

man what should we do now

A small preview of what's to come in 2021-2022

Imagine being the anchor. You know he was really probably stressing too lol.

Meet Kevin Thanks for commenting on your discord regarding this video someone posted 👍🏻 I'm holding and not selling. Just going to keep buying the dip when I think it's time.

Wow. 2022 is the new 1987... :) No need to be nostalgic about the 80's

Who's here in 2021? 😂

Steven Malin is a professor in New York

Was that Billy Martin?

Dow at 1,738....as we speak it is 35,840 - I guess many years have passed 😀

Omg this is the guy from The Onion. I had no idea he was an actual reporter at some point.

Imagine investing in a Dow ETF when it was trading at 1,730 points 😋

4:52 Jason Bateman?

Love this

It's coming again in 2021.

Imagine buying at those prices that day you would be rich today

Indeed there was a bear market in stocks market for more than ten years until the internet boom

I remember this people brokers in Tokyo were jumping from skyscraper windows cuz they had lost so much money

If people are panic selling, there has to be people panic BUYING, so who rushes to catch a falling knife? hmmm

I was 1 when this happened...

What happened back then it is definitely happening 35years after in 2022

These days we have halts, so old rapid crashes are history now.

I'm surprised markets still crash if they always recover

Get ready... Something Exactly like this is Right around the corner in March, 2024... Tick, tock....

The 1987 Stock Market Crash, since not being due to Macroeconomic factors, must have been due to shorting. One stock goes down, a short gets triggered, then everyone starts selling.

So funny to think this week the market only dropped 12% and yet some people thought it was 'historic'. The next drop like this is not far away as we are a nation and a world built on debt and it's only instrument is debt on top of debt.

This will be March 2nd 2020

people who suffered just 87 are ok now, people who suffered both 87 and 08 are still recovering and we're 14years down the road from 08. And now with that you have the people still recovering now. like 87 happened and people recovered quiet quickly because there was money to spend 08 there was no money any where.

October this year hehe

Ah, the good ol days

Yes, the Dow dropped -26% (from 2,709 points [Aug. 21, 1987] to 1,993 points [Oct. 30, 1987]), but it had already gone up +35% that year alone (from January 1987 to August 21st, 1987 it went from 2,005 points to 2,709). Therefore, if you were in from the beginning of the year, you'd still be up about +10% on the year even after the disastrous drop. And, if you were in since March 1982 (when it was worth 807 points), you would've gained about +235% before suffering the -26%, still leaving you with about a 200% gain lol But it definitely was a bummer for people who JUST bought in right before the crash. THEY were down -26% for sure.

Little the people in Tokyo knew they were actually on the verge of the multiple decade long bear market

0:52. The guy holding 2 phones lol

I wish someone would teach me about the stock market and how to invest

Now we gotta fight stupid computers and algos... bs

I like the eyebrows

Imagine how much money these people made after the stock market crash was over

Wow

Hello May 2022.

Human behaviour plays a big role in here. Panic buy and sell drives majority of individuals decision.

Its onion guy

SELL EVERYTHING!!!! PANIC!!!!!!

Do people ever really learn as a majority about history?

Rinse An Repeat ! Im 68 Seen This B.S . 4 Times ;-(( Cars , Houses , Stocks Will Sell For A 60% Loss /;-)) Bankster Never Lose !

Dayyyyyym. I would have loved to short the markets that day with a 200:1 leverage trading stock indices via CFDs. 22% down. That would have been like stealing candy from children.

2:46 ✍️.. Renewed inflation fear.. ok ✍️.. A decline in the dollar.. sure ✍️.. Rising interest rates.. I see ✍️.. Huge budget and foreign trade deficits.. oh .. ✍️Wait a minute

Super annoying that they are talking about points instead of percentages, even when talking about foreign indexes that no one knows how many total points they have

Jim Haggerty :D

Was this yesterday?!?!?!?!?

Coming in 2020.

Buy the dip

It's coming...

Is happening now a new crash.....21th of January 2022

Note to myself. Prepare.

And we are still going through this it's just in a diversionary way. This is slavery that's camouflaged I hope you have a good time with them.

10.7% interest on a mortgage for 30 years!!!! woohoo ouch

I miss the days when media was thoughtful, informative and respectful. The news isn't trying to throw leaders or American citizens under the bus any chance they get.

These people either don't understand the market or are full of shit and wanna scare people. Just because he lost 1 billion, doesn't mean that 1 billion isn't gonna be back soon, and with the money the guy has he probably bought a lot more on the dip. Meanwhile regular Joe's are losing money and not realizing this isn't permanent losses. Especially with there being no real reason for this crash.

Lol the Dow dropped 600 points today