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(History Channel)   On this day in history, in 1987, stonks stonked   (history.com) divider line
    More: Vintage, Dow Jones Industrial Average, Wall Street Crash of 1929, federal government, global markets, number of unrelated events, Wall Street, New York Daily News, beginning of another Great Depression  
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1907 clicks; posted to Main » and Business » on 19 Oct 2021 at 3:10 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



36 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-19 2:58:27 PM  
It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.
 
2021-10-19 3:23:22 PM  
i.kym-cdn.comView Full Size
 
2021-10-19 3:36:41 PM  

kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.


Japan wants to know what is going on in this thread.
 
2021-10-19 3:37:50 PM  

kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.


i was in high school and i recall this day well, i got to 3rd base with Tina Klein.
 
2021-10-19 3:40:00 PM  

asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.


Everybody got to 3rd base with her, bro.
 
2021-10-19 3:41:57 PM  
I was working at the Federal Home Loan Bank when this meltdown happened. One of the craziest days ever.
 
2021-10-19 3:44:09 PM  
I was in the Philippine Cordillera, and this is the first I'm hearing about it.
 
2021-10-19 3:45:14 PM  
I was about six weeks into freshman year at an Ivy League college when it happened.  I can remember certain classmates saying, apparently sincerely, that they (by which they meant "their parents") wouldn't be able to pay for school anymore because of the crash.

/my tiny violin, let me play it for them
//they were back the next semester anyway
///it will not surprise you to know that they were douchebags
 
2021-10-19 3:52:04 PM  
That Reagan sure was great, wasn't he? The good old days! I never hear GQP scum remembering this part of Reaganomics.

It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

I've been dirt-farking-poor ever since. Wiped out my family's wealth which was based on Republican graft, swindles and schemes -- very Reagan. Once you're knocked down to the bottom rung ( homeless with zero income ) it is very difficult to crawl back up especially w/o friends or family. I went from private school to gutter in one year.

/ I voted for the brain-damaged doddering nincompoop in 1984 -- karma is a beyotch Republicans and you folks have some nasty stuff headed your way.
 
2021-10-19 3:54:25 PM  

Rapmaster2000: asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.

Everybody got to 3rd base with her, bro.


Sure, but on this day it was ME!
 
2021-10-19 3:55:10 PM  
Black Monday?  Nah, how about Blue Monday?

New Order - Blue Monday
Youtube FYH8DsU2WCk
 
2021-10-19 3:57:56 PM  

asciibaron: Rapmaster2000: asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.

Everybody got to 3rd base with her, bro.

Sure, but on this day it was ME!


I've been there...
 
2021-10-19 4:19:53 PM  
I remember it well. The future MrsRT and I were broke college students. She worked at a bar and I had stopped by to see her and have a beer or three. Got in a big discussion with some guy there who was crying about all the money he 'lost'. "Did you actually sell off any shares today?" "Well, no..." "Then you didn't actually 'lose' anything...not until you lock the price in with an actual sale". He couldn't quite understand that concept.  Nor could he figure out why I was crying because we had no spare money to invest the next day.  "The market just crashed, why would you want to put money into it right now?" "Do you buy things when they're on sale at the grocery store?" "Of course" "Well, this is the biggest sale the market's had in about sixty years. It's a great time to buy" "I don't get it..." "Honey, bring me another beer, this guy's making my head hurt .."
 
2021-10-19 4:22:08 PM  

Rapmaster2000: asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.

Everybody got to 3rd base with her, bro.


Not me.
play-lh.googleusercontent.comView Full Size
 
2021-10-19 4:25:39 PM  

Rapmaster2000: asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.

Everybody got to 3rd base with her, bro.


I got enough class rings out of Tina that I started my own pawn shop.
 
2021-10-19 4:31:49 PM  
Blue Monday 40 years ago.  Farking Rick Monday...
 
2021-10-19 5:08:43 PM  
Something something trickle down.
 
2021-10-19 5:09:38 PM  

Recoil Therapy: I remember it well. The future MrsRT and I were broke college students. She worked at a bar and I had stopped by to see her and have a beer or three. Got in a big discussion with some guy there who was crying about all the money he 'lost'. "Did you actually sell off any shares today?" "Well, no..." "Then you didn't actually 'lose' anything...not until you lock the price in with an actual sale". He couldn't quite understand that concept.  Nor could he figure out why I was crying because we had no spare money to invest the next day.  "The market just crashed, why would you want to put money into it right now?" "Do you buy things when they're on sale at the grocery store?" "Of course" "Well, this is the biggest sale the market's had in about sixty years. It's a great time to buy" "I don't get it..." "Honey, bring me another beer, this guy's making my head hurt .."


Great moments in "the stock market isn't the economy" history...

Black Monday was a historic crash, but it was preceded by historic booms. The Dow just about doubled in the three years between 1984 and just before the crash, and GDP and jobs didn't take any hit at all that year. It's a "market correction" in the purest form.
 
2021-10-19 5:21:46 PM  
I was in college, working in a restaurant owned by an annoying NYC couple living the dream of having their very own "bistro" upstate.

The Australian who spent every night drinking himself silly and then sitting down at everyone's table to breathe wine fumes on them was in a foul mood and drank even more than usual.

The queen was snippy to everyone in back, complaining to the cook that she was giving customers portions that were too large and using too much booze in the sauce.

I kept my head down and tried to stay out of sight. Jesus, I was glad to get out of there that night.
 
2021-10-19 5:40:18 PM  
I was in 9th grade.
 
2021-10-19 5:40:42 PM  
Some of the biggest market crashes in history happened in late October.

/ do with that what you will.
 
2021-10-19 5:59:29 PM  

asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.


And who didn't?
 
2021-10-19 6:04:54 PM  

asciibaron: kdawg7736: It was a dark day, but I was still in diapers when this happened but everyone eventually recovered what they have lost.

i was in high school and i recall this day well, i got to 3rd base with Tina Klein.


I was grooving with her cousin, Frieda Groper.
 
2021-10-19 6:39:26 PM  
I was four, so I was probably playing with a Voltron or something similar.
 
2021-10-19 7:05:12 PM  
I didn't have any money back then, but I remember if you were an E.D. Jones man, you found yourself suddenly living and working in a new city.
 
2021-10-19 8:19:20 PM  
What, Donks tanked?  Heaven forbid, I thought they were the future.

Fark user imageView Full Size
 
2021-10-19 8:55:07 PM  
My company was just finishing up a big office expansion for a brokerage firm.  They had added a passel of sales critters in the two years prior and needed more space.  Every morning, we'd hear the office manager get them fired up and then they'd hit the phones, "dialing for dollars", as one of them put it.  We'd just finished up the project when the market corrected.  We got paid, but they went back to a one-man shop and the place had been a dental office ever since.

We'd also been socking away some money in the kids' college funds, our guy managed to lose it all.  That's the part I remember best.
 
2021-10-19 9:00:06 PM  
True story:

My grandfather lost his entire life savings, retirement funds and bonds that day. Cardinal Oil went under in 23 minutes... 4.5m over 35 years... Poof.

He never recovered, and wound up managing an apartment complex in Bozeman for the next 20 years... It was also his most favorite job he ever had, as he said.

/M.S. petrochemical geology.
 
2021-10-19 9:14:42 PM  
Dad had 33 years with Lockheed and was planning on pulling the plug at 35 years. This happened and all of his Lockheed stock and retirement lost bigtime. Lockheed stepped up the next day and offered begining of the month values on everything if you retired before the end of the month. He was gone in a few days
Freinds and his co-workers not that lucky.
 
2021-10-19 9:16:58 PM  

Jedekai: True story:

My grandfather lost his entire life savings, retirement funds and bonds that day. Cardinal Oil went under in 23 minutes... 4.5m over 35 years... Poof.

He never recovered, and wound up managing an apartment complex in Bozeman for the next 20 years... It was also his most favorite job he ever had, as he said.

/M.S. petrochemical geology.


Sorry to hear that, the COVID shutdowns have been hard on my parents, but not like your grandfather had to deal with.
 
2021-10-19 9:35:25 PM  
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2021-10-19 10:02:14 PM  

Another Government Employee: I was working at the Federal Home Loan Bank when this meltdown happened. One of the craziest days ever.


What was it like? Genuinely curious, no snark.
 
2021-10-19 10:16:25 PM  

Baron Krelve: Another Government Employee: I was working at the Federal Home Loan Bank when this meltdown happened. One of the craziest days ever.

What was it like? Genuinely curious, no snark.


All the managers had their eyes glued on the Scantron (an early online ticker) and were trying to decide if any liquidity issues were going to arise with long term bonds. It took several days for everything to settle down, but the ultimate impact was the equivalent of being on a tall rollercoaster. Nothing derailed and the adrenaline junkies wanted to do it agian.
 
2021-10-19 11:03:41 PM  
I was in Okinawa, alone in a tower with a three year old child. We would have had a wonderful 9nth floor view of the sea, but the Seabees decided we would rather look at the parking lot. My little girl needed some new toys, because one day, she decided to throw everyone she owned off the balcony, much to the delight of the children below. Most of the toys, she just shoved through the balcony railing; the same railing that saved her life when she decided to exit the balcony feet first, but her little diapered butt prevented her .Fortunately, we were able to move to the other side of the island, and spend our last year there with a sea view.
 
2021-10-20 12:51:03 AM  
It was my first day at my first job out of college.  I thought that was my last day...happy 34th anniversary to me!
 
2021-10-20 7:13:03 AM  
"It's a racket. Those stock market guys are crooked."

- Al Capone
 
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