2 What the Charts Don’t Tell You comentada em 12/09/2025 21:42 Assuntos Gerais MarkFord em 12/09/25 17:03 comentada em 12/09/2025 21:42 As one who was actually invested in 1987 (and since 1973), I still have vivid memories of that market crash. It is oh-so-easy to look today at a long-term chart having a tiny blip and say “So what! . . . of course the market recovered . . . those who sold were fools.”In 1987, market news was nothing like it is today. We had no Internet. We had the next day’s WSJ and Friday’s 30-minute Lou Rukeyser’s Wall Street Week; we subscribed to a few stock newsletters (delivered by snail mail) and Kiplinger and Money magazines . . . that’s about it.Therefore, though I heard about the crash on the radio as I drove home from work on Black Monday, I was not prepared to find my wife in tears . . . her first words were “You’ve lost our retirement!” (Reading it does not convey the impact of hearing it.)In real time, the crash was a VERY big event. Fear for a changed future was the natural response. Talking heads were saying “This worldwide event could last for years; our children will have a lower standard of living than we have.”Long story short— she insisted we sell everything the next day (which was also a significant down day); we eventually re-entered the market.What the Charts Don't Tell You - A Wealth of Common Sense
