The Wall Street Crash of 1987💡 Will happen again only with
VIP TRADING GROUP
Updated at: 3 hours ago
{"content":"The Wall Street Crash of 1987💡
Will happen again only with the crypto market?
The Wall Street Crash of 1987, also known as "Black Monday," occurred on October 19, 1987, when the Dow Jones Industrial Average (DJIA) plunged by 22.6% in a single day. While there was no single cause, the crash was amplified by factors such as computerized program trading, portfolio insurance strategies, and mass investor panic. The sell-off, which began in Asia and spread to Europe, erased the market's gains for the year within a few hours.
Computerized trading: Automated program trading exacerbated the crash by automatically selling off stocks as prices fell, creating a feedback loop of selling.
Portfolio insurance: This hedging strategy, which involved automatically selling stock index futures as the market dropped, further amplified the downward spiral.
Globalization: The event highlighted the increasing interconnectivity of global financial markets, as the crash spread from Hong Kong to Europe and then to the U.S.
ATTENTION SIGNAL 💡
$ZKC 🌟
HOLDING 1D and 4H SUPPORT AREA 📈✅️
BULLISH WAY COMING 📈✅️
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0.19 - 0.18
TP 0.21
0.26
0.43 - 0.56 - 0.9 - 1.41++ OPEN
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