Market crashes are driven by human fear and uncertainty at scale, as demonstrated by the 1987 crash where stocks like Digital Equipment fell from $146.50 to $44 in a single day, with the market dropping 608 pointsâthe largest in history at that timeâcausing unprecedented panic that traders captured on camera for the first time.
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đ§ Inside the Chaos of a Market CollapseAjoutĂ© :
You were very big in a stock called Digital Equipment. It was one of the first computer companies. The stock opened at $146.50 and it closed at $44. So, it was down $100. The market closed 608 points.
People were taking pictures of it, right? Because they'd never seen a market down that much. There were stocks that were $60 stocks that were down $40.
You know, there were $20 stocks that closed at three. The market down 608 points was the biggest time biggest drop in history.
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