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On the 30th anniversary of the well-known 1987 stock market dip, American equities are at a record maximum and market participants are concerned that abrupt valuations might suggest a correction is actually overdue notwithstanding upbeat corporate earnings as well as economic surge.
Some experts wonder whether that "Black Monday" could take place today or not. Up-to-date trading technology, obvious changes to the way stock exchanges function and the way investor funds are currently managed should hypothetically make a repeat of the 1987 stock disaster unreal. However, cautious market participants don’t rule out the worst scenario, and they keep staying on the safe side.
Director of the NYSE floor division at O'Neil Securities, Ken Polcari, told that investors have learned a lot from that mistake of 1987 in terms of the reaction or even over reaction.
Apparently, the safeguards in place would probably prevent another 1987-style stock crash from occurring, although the Dow reaching 23,000 points for the first time this week, not to mention the advent of high-speed automated trading, some investors aren’t so sure.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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