1987 All Over Again?

1987 All Over Again? The action over the past few weeks on Wall Street reminds me of what has happening before Black Monday in 1987. In 1987, stocks topped out in August and crashed in October. This time around stocks topped out in the middle of 2015 (teased to the downside in Aug 2015) and once again falling hard in early 2016. In 1987, the bull market in stocks and the bull market in credit had ended. The same is happening in 2016. In 1987, stocks were already down considerably on the Friday b...