Archive for August 2015

Black Monday – Oct 19, 1987

August 23, 2015

08/23/15 . . .  by Bob Karrow


  • My charts consist of all the items that Paul Desmond warned about in his paper, “The Warning Signs Of Major Market Tops”, which you can find at the following link


  • If you aren’t familiar with my unorthodox wave counting method, there is a simple explanation at the beginning of the glossary. The glossary also contains lots of other details (explanations) that don’t appear in the blog.



  • A lot of visitors to my blog are looking for information on T-Theory ®.  The below link will take you to the index of all of Terry’s comments during the period Dec 2003 to June 2011.  There are a considerable amount of charts and audio material from Terry Laundry in this section.
  • If you are looking for the ability to make your own predictions using T-THEORY ®, I would highly recommend Terry’s Encyclopedia on T-THEORY ®



Following are reprints from the 1987 crash.  I also kept the paper versions of the WSJ and Barrons for historical purposes.

Wall St Journal 11-20-87, Black Monday

On The Spot: Stock Market Frenzy Puts Greenspan in a Crucial Position

Chicago’s Shadow Markets Led Free Fall

A Repeat of 1929? Depression in ’87 Is Not Expected

Market Debacle Rouses Worst Fears of Little Investors

Short Sellers, Data Processing Firms Won Big as Others Wailed Monday

Crash of ’87 Recollections: ‘My Singularly Worst-Day Ever


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