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Instant replay: The 1987 Crash

October 19, 1987

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When markets crash

The expert being interviewed is Paul Tudor Jones, a major league futures trader then and now.

This was the biggest market collapse in modern stock market history. Bigger even that the '29 crash on a percentage basis.

Things to pay attention to:

1 The market does what it always does which is to fool 99% of the people. That's the nature of the market.

2. He calls for the federal government to come in and bail things out (which it did and has been doing continuously since.)

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