How Black Monday changed Wall Street forever
Description
What if one phone call told you the market was on fire? On Trader Talk, Kenny Polcari relives Black Monday with First Boston trader John Parasco, the 1987 crash that erased half a trillion dollars in hours. Hear how specialists begged for firm capital, hedge funds dumped portfolios alphabetically, and blue chips like Johnson & Johnson (JNJ) lost half their value in a single day. A raw inside floor account of chaos, fear, and survival when Wall Street stared into the abyss.
Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights. Drawing on decades of trading floor experience, we empower you to navigate market volatility and keep your portfolio from getting burned.
Watch more episodes of Trader Talk at https://finance.yahoo.com/videos/series/trader-talk/
Thoughts? Questions? Fan mail? Email us at tradertalk@yahooinc.com.
Yahoo Finance’s Trader Talk is hosted by Kenny Polcari and produced by Langston Sessoms.
United States
