How One Trader Won Big While Everyone Else Panicked on Black Monday
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 16 October 2017
⏱️ 32 minutes
🧾️ Download transcript
Summary
On Monday October 19th, 1987, the Dow Jones fell 508 points in a one day crash that will forever be known as "Black Monday". In honor of the 30th anniversary, Joe and Tracy talk to Blair Hull, managing partner of Hull Trading Co., who was actively trading that day. While everyone else panicked, Hull spotted an opportunity and won big in the chaos. On this episode, we talk about how he was able to keep his head above water and what lessons that day holds for markets today.
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| 0:54.0 | Go to Bloomberg.com to get context. Hello and welcome to another episode of the Odd Lots podcast I'm Joe Wiesenthal and I'm Tracy |
| 1:15.6 | Alaway. So Tracy we have a lot of anniversaries coming up in terms of |
| 1:20.4 | major financial news and events in financial history? |
| 1:25.0 | Oh yeah, well, we have, let's see, the 10-year anniversary of the 2008 financial crisis, that's next year. even more importantly I think we have the 30th |
| 1:36.1 | anniversary of the movie Wall Street coming up in December that's the one I'm the |
| 1:41.0 | most excited about that's the real that's the real that's the one I'm the most excited about. That's the real, that's the real, that's the big one. |
| 1:45.0 | Yeah, I know. |
| 1:46.0 | I think we may have talked about it before, |
| 1:48.0 | but I'm kind of dreading the next two years |
... |
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