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Rebel Capitalist News

News: OMG! New Report Uncovers Shocking Similarities Between Today And 1987

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 10 October 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

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✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Rebel capitals, hope you're well. So we talk about comparisons all the time between today and 2008, but maybe we're making the wrong comparisons.

0:11.8

A new report that just came out suggests the comparisons we should be

0:17.8

making is not between today and 2008, but today and 1987, specifically Black Monday. Let's get right into this report from

0:30.7

Bloomberg, by the way. This is not the the

0:33.8

Tinfoil Hat conspiracy theory. Oh fear-mongering click bait blah blah blah blah blah blah

0:39.4

blah blah blah blah blah blah blah this is straight from Bloomberg.

0:43.0

Here we go.

0:44.0

No one wants to remember 1987.

0:46.0

Then there's 1916.

0:49.0

Now he kind of goes off on a tangent here with 1916,

0:52.0

but I think if I just scan the article and made some highlights on my own, but I would rephrase this. I would say no one wants to remember 1987, then there's

1:04.4

1928 that led to or contributed to the Great Depression,

1:10.6

the stock market crashed then. And you'll see exactly what I'm referring to. In fact, these

1:16.0

charts are going to completely blow you away. I mean they were eerie, I think is probably the

1:22.1

right word.

1:22.9

You'll see what I'm talking about just a moment.

1:25.1

The Black Monday crash in October of that year,

1:28.7

great.

1:29.5

Josh, what month is it right now?

1:31.4

If my math is correct, October. It is October, yeah. The

1:35.9

Black Monday crash in October of 1987 is still the single most terrifying day in market history.

1:43.6

Any suggestion that current circumstances are at all like the early months of 1987

...

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