October 19, 1987 was a day of notoriety for stock market investors. Known as the "Black Monday" stock market collision, markets all over the globe tumbled, with the UNITED STATE markets dropping greater than 20% throughout the trading session that day.
Mark Skousen, editor in chief of Forecasts & Approaches, anticipated that a major market adjustment would certainly take place in 1987, as well as months prior to October, advised clients to sell all stocks as well as hold cash.
Skousen has actually not provided the "market all" order since 1987, and also said that the same indicators that prompted him then to sell off all holdings are no more present in our economic situation.
0:26 – What triggered Black Monday
7:15 – Can we see one more Black Monday?
16:38 – Current financial recovery
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