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    1987 ( MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar, the 1987th year of the Common Era (CE) and Anno Domini (AD) designations, the 987th year of the 2nd millennium, the 87th year of the 20th century, and the 8th year of the 1980s decade. Calendar year.

  2. › wiki › 1987_in_film1987 in film - Wikipedia

    The following is an overview of events in 1987 in film, including the highest-grossing films, award ceremonies and festivals, a list of films released and notable deaths. Paramount Pictures celebrated its 75th anniversary in 1987.

  3. October 25 – 1987 World Series: The Minnesota Twins defeat the St. Louis Cardinals despite having the worst regular season win–loss ratio for a winner, a record they hold until 2006. October 26 – The Dow Jones Industrial Average goes down 156.83 points; at the time it is the second largest decrease ever (trailing Black Monday ).

  4. 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar, the 1987th year of the Common Era (CE) and Anno Domini (AD) designations, the 987th year of the 2nd millennium, the 87th year of the 20th century, and the 8th year of the 1980s decade.

  5. › wiki › 1987_(film)1987 (film) - Wikipedia

    • Overview
    • Plot
    • Reception
    • Release

    1987 is a movie autobiography of the director Ricardo Trogi, it is the sequel of the movie 1981, that came out in 2009. The movie puts emphasis on Trogi's teen years, where he was experiencing with romance life, sexual identity, and family problems. It also shows how life can be as the son of an immigrant. It was said that the movie was a comedy, but with dramatic parts, like the one's with his family. A third film in the series, 1991, was released in 2018.

    In 1987, 17-year-old Ricardo is facing the usual teens problems, such has having a crush on a classmate named Sarah despite already having a girlfriend named Marie-Josée and having a car. With his three friends, they spend time doing parties and get drunk. When they fail to enter in a bar after graduation, Ricardo then decides to open a bar for underaged teens. On his first night of work where he was supposed to have sex with Marie-Josée and lose his virginity, Ricardo breaks a BMW and ...

    The film was met with positive reviews from local Montreal journals.

    The film was released in theatres in the summer of 2014 and released on DVD, Blu-ray, and limited edition VHS in December 2014.

    • United States
    • United Kingdom
    • Japan
    • Hong Kong
    • New Zealand
    • Possible Causes
    • Resulting Regulation
    • See Also
    • Sources
    • Further Reading


    From August 1982 to its peak in August 1987, the Dow Jones Industrial Average (DJIA) rose from 776 to 2,722, including a 69% year-to-date rise as of August 1987. The rise in market indices for the nineteen largest markets in the world averaged 296% during this period. The average number of shares traded on the New York Stock Exchangerose from 69 million shares to 181 million shares. In late 1985 and early 1986, the United States economy shifted from a rapid recovery from the early 1980s reces...

    The crash

    Before the New York Stock Exchange (NYSE) opened on Black Monday, October 19, 1987, there was pent-up pressure to sell stocks. When the market opened, a large imbalance immediately arose between the volume of sell orders and buy orders, placing considerable downward pressure on stock prices. Regulations at the time permitted designated market makers (also known as "specialists") to delay or suspend trading in a stock if the order imbalance exceeded that specialist's ability to fulfill orders...

    Margin calls and liquidity

    Frederic Mishkin suggested that the greatest economic danger was not events on the day of the crash itself, but the potential for "spreading collapse of securities firms" if an extended liquidity crisis in the securities industry began to threaten the solvency and viability of brokerage houses and specialists. This possibility first loomed on the day after the crash. At least initially, there was a very real risk that these institutions could fail. If that happened, spillover effects could sw...

    On Friday, October 16, all the markets in London were unexpectedly closed due to the Great Storm of 1987. After they re-opened, the speed of the crash accelerated, partially attributed by some to the storm closure. By 9:30AM, the FTSE 100 Index had fallen over 136 points. It was down 23% in two days, roughly the same percentage that the NYSEdropped on the day of the crash. Stocks then continued to fall, albeit at a less precipitous rate, until reaching a trough in mid-November at 36% below its pre-crash peak. Stocks did not begin to recover until 1989.

    In Japan, the October 1987 crash is sometimes referred to as "Blue Tuesday", in part because of the time zone difference, and in part because its effects after the initial crash were relatively mild. In both places, according to economist Ulrike Schaede, the initial market break was severe: the Tokyo market declined 14.9% in one day, and Japan's losses of US$421 billion ranked next to New York's $500 billion, out of a worldwide total loss of $1.7 trillion. However, systemic differences between the US and Japanese financial systems led to significantly different outcomes during and after the crash on Tuesday, October 20. In Japan the ensuing panic was no more than mild at worst. The Nikkei 225Index returned to its pre-crash levels after only five months. Other global markets performed less well in the aftermath of the crash, with New York, London and Frankfurt all needing more than a year to achieve the same level of recovery. Several of Japan's distinctive institutional characterist...

    The worst decline among world markets was in Hong Kong, with a drop of 45.8%. In its biggest-ever single fall, the Hang Seng Index of the Hong Kong Stock Exchange dropped 420.81 points on Black Monday, eliminating HK$65 billion' (10%) of the value of its shares. Noting the continued fall of New York markets on their next trading day, and fearing steep drops or even total collapse of their own exchanges, in Hong Kong the Stock Exchange Committee and the committee of the Futures Exchange announced the following morning that both markets would be closed. Their closure lasted for four working days. Their decision was motivated in part by the very real possibility that market collapse could have extremely serious consequences for the entire financial system of Hong Kong, perhaps resulting in rioting in the streets, with the added threat of intervention by the army of the People's Republic of China.According to Neil Gunningham, a further motivation for the closures was brought on by a sig...

    The crash of the New Zealand stock market was notably long and deep, continuing its decline for an extended period after other global markets had recovered.Unlike other nations, moreover, for New Zealand the effects of the October 1987 crash spilled over into its real economy, contributing to a prolonged recession. The effects of the worldwide economic boom of the mid-1980s had been amplified in New Zealand by the relaxation of foreign exchange controls and a wave of banking deregulation. Deregulation in particular suddenly gave financial institutions considerably more freedom to lend, though they had little experience in doing so. The finance industry was in a state of increasing optimism that approached euphoria. This created an atmosphere conducive to greater financial risk taking including increased speculationin the stock market and real estate. Foreign investors participated, attracted by New Zealand's relatively high interest rates. From late 1984 until Black Monday, commerci...

    Discussions of the causes of the Black Monday crash frequently focus on two theoretical models, which differ in whether they focus on variables that are exogenous or endogenous. The first framework searches for exogenous factors, such as significant news events, that affect investor perceptions and behavior. These events are taken as "triggers" of market behavior. The second, "cascade theory" or "market meltdown", attempts to identify endogenous internal market dynamics and interactions of systemic variables or trading strategies such that an order imbalance leads to a price change, this price change in turn leads to further order imbalance, which leads to further price changes, and so on in a spiralling cascade.It is possible that both could occur, if a trigger sets off a cascade.

    After Black Monday, regulators overhauled trade-clearing protocols to bring uniformity to all prominent market products. They also developed new rules, known as "trading curbs" or colloquially as circuit breakers, allowing exchanges to temporarily halt trading in instances of exceptionally large price declines in some indexes; for instance, the DJIA. These trading curbs were first used multiple times during the 2020 stock market crash.

    Bates, David S. (1991). "The Crash of ʼ87: Was It Expected? The Evidence from Options Markets". The Journal of Finance. 46 (3): 1009–1044. doi:10.1111/j.1540-6261.1991.tb03775.x.
    Bernanke, Ben S. (1990). "Clearing and Settlement during the Crash". The Review of Financial Studies. 3 (1): 133–151. doi:10.1093/rfs/3.1.133. S2CID 10499111.
    Bernhardt, Donald; Eckblad, Marshall (2013). "Black Monday: The Stock Market Crash of 1987". Federal Reserve History.
    Bernstein, Peter L. (1996). Against the gods: the remarkable story of risk. New York: John Wiley & Sons. ISBN 9780471295631. OCLC 34411005.
    Blakey, George G. (February 28, 2011). A History of the London Stock Market 1945–2009. Harriman House Limited. pp. 295–. ISBN 978-0-85719-115-1.
    Bozzo, Albert (October 12, 2007). "Players replay the crash". CNBC.
    Browning, E.S. (October 15, 2007). "Exorcising Ghosts of Octobers Past". The Wall Street Journal.
    Furbush, Dean (2002). "Program Trading". In David R. Henderson (ed.). Concise Encyclopedia of Economics (1st ed.). Library of Economics and Liberty. OCLC 317650570, 50016270, 163149563
    • Dow Jones Industrial Average falls 508 points (22.6%), making it the largest one-day drop by percentage in the index's history, Federal Reserve provides market liquidity to meet unprecedented demands for credit, Dow Jones begins to recover in November 1987, NYSE institutes rule regarding trading curbs in 1988
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