How can I forget such a date? It is what Wall Street called it exactly 20years ago. Hmm, I was probably still in school somewhere in the suburbs of KL. There are a lot of similarities here and in 1987.. Here is a summary what a famed Strategist wrote in Newsweek International July issue:-
1.1987 - markets has been rising for 5 years from an extended bear market (ended in 1982)
2007 - markets have also rose for 5-6year since dotcom bust
2.1987 - talk of trouble in the US savings and loan industry
2007 - Subprime-mortgage concerns
3.1987 - Speculative bubble in Japan
2007 - Speculative bubble in China??
4.1987 - surging oil prices - then to USD60 per barrel
2007 - surging oil price - now to USD100 per barrel??
Just be aware that - 'History tend to repeat itself'!!! Would Monday see a crash? I don't know but there is a good chance that a correction is coming - could start next Monday
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