Watch Cancel Crash this Friday, October 19, the 25th anniversary of the 1987 market crash. 10 AM CT, and 7 PM CT.
Black Monday, as it’s still known, the Dow fell 508 points, losing 22.6% of its value (vs a 12.8% drop on the worst day of the 1929 Wall St. crash). It’s still the biggest global meltdown the markets have ever experienced.
The next day, Terrible Tuesday, all hell broke loose. Remembered Cramer: “Those who thought Black Monday in 1987 was the most frightening day of their lives are forgetting those first few hours of Terrible Tuesday, when the market as we know it simply ceased to exist.”
Cramer went to the sidelines, but a trader in Chicago did not. In fact, he stood in the center of the pit of the CBOT and cancelled the crash with his bold trade. Who was that guy? Check out Cancel Crash to find out.
Cancel Crash is the untold story of Terrible Tuesday, when the global markets were in free fall.
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