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The Lessons We Did NOT Learn From the Crash of 1987
This week marks the 30th anniversary of the Black Monday market crash of 1987, the single worst day in U.S. stock market history. With the S&P 500 trading at new all-time highs, it’s only natural for traders to draw comparisons between today’s market and the one in 1987.
However, in a new research note Thursday, Canaccord Genuity analyst Brain Reynolds said today’s equity environment is actually nothing like the environment back in 1987. According to Reynolds, institutional investors were making huge bets on a rising stock market back in 19987. Today, most institutional investors are betting on a pull-back.