Investors are skittish as the stock market continues with extreme volatility in the midst of the longest bull market in history. In this ColoradoBiz Magazine article, Kevin McNab, reflects on similar time in stock market history 20 years ago.
As the leaves began to fall and frost started covering the ground overnight, cable news took a brief break from its political coverage to spread fear following an 832-point drop in the Dow Jones Industrial Average (DOW) – the third-largest point decline ever. Words like “bloodied” and “battered” were tossed around after the sell-off. Talking heads placed blame on various factors, while investors had varied reactions ranging from confidence to panic. As Wednesday, Oct. 10 came to a close, I sat back in my office and reflected on the reason behind the dramatic fall. What came to my mind was a day nearly 20 years ago…READ MORE!
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