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Shortly before midnight on October 19, 1987, Stephen Gilvoel finally released his fiancée.
The veteran warrior in Wall Street was working all day on the famous Black Monday when Dow Jones Industrial External – the primary measure of the American stock market performance at the time – 22.6 % in one trading session.
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The Guilfoyle site was on the New York Stock Exchange trading ground on the day under the platform, where the bell is turned on, in front of Post 9, now the CNBC NYSE studio.
Gilvoel wrote in his book Thestreet Pro The column, “At that time, we have traded everything that is involved in the old way, at the price of Spanish pieces of eight and in the old open style, in two directions, a continuous auction model. There are no circuit breakers. There are no tasks.”
The veteran trader remembers the dark market days
Losses around the world were estimated at $ 1.71 trillion, and the intensity of the accident raised fears of extended economic instability or even the repetition of the great depression.
“On a normal day, we will do with our papers by some time between 5 pm and 6 pm.” “On that day, the trading hall seemed to be open to work at 11:30 pm, when I took my first break from today.”
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GULEFOYLE went to bank phones from a fee outside the stock exchange and called his fiancée, and now his wife for many years.
“I told her that it is possible that it was some time until we saw each other again,” he said.
The veteran in Wall Street used this direct account to take a look at the different times when the market is exposed to the decades, and its history dates back to 1929, where it evaluates the current introductory path.
“Since then, we got the mini garbage for the year 1989, the Dot-Com bubble was destroyed in March 2000, we were subjected to the September 11 terrorist attacks that eventually returned to the US military after a long break, and we had a crash in 2008 that led to, or rather the symptoms of” great recession “or” of great financial shocks. “
The Guilfoyle also recalled Covid’s 2020 crash, in which he worked directly, without losing one day, although he fully fully ill with the first alternative to this virus and a horrific match with Covid Long that lasted for more than two years.
Analyst: The sills of panic are largely met
“Now this?” He asked. “Is this a crash?
S&P 500 lost more than $ 5.4 trillion in value last week, while universal shares lost about $ 9.5 trillion, including the sale in Europe and Asia on April 7, Martin Bakardax reports from thestreeet.
Related: Stanley Druckenmiller sends a CURT 7 response to the tariff warfare war
“We continue to monitor shares to find support amid this historic sale,” said Adam Teresuette, the chief technical strategy of LPL Financial, said. “Technical damage was severe, but most importantly, sills of panic and panic/conditions that are washed/increased sale have now been met.”
The first quarter season begins in the serious week when some large banks begin to report their numbers.
Gilvoel wondered about the number of companies “in this new era of extreme uncertainty, although it seems negative certainty, you will already issue aspecting instructions.”
“Many companies have not provided guidance for a year or more after the Covid and the supply restrictions in the Kofid era,” he said. “Do they resort to this type of dodged behavior again? I know if you are the CEO of a multinational company, that’s exactly what I will do.”
The shares were skipped in the last selection, as Dao reached 721 points or nearly 2 %, after the director of the National Economic Council told Kevin Haysit Fox News that more than 50 countries responded to the tariff policy of President Donald Trump by approaching the United States with some “great” deals.
On the X platform, Bill Akman, the director of outstanding hedge funds, called for a temporary stop of 90 days of definitions “to give the president time to solve our global unfair global trading in a historical way.”
“The futures contracts were opened on Sunday evening in the same ugly way that they went out on Friday,” Gilvoel said. “This reminds me. On Friday, October 16, 1987, it was a somewhat terrible day for the American markets as well. The prohibition of these traps, children.”
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