Market crash – 30 years on
30 years ago Black Monday hit our shores, the worst day on Wall street since 1929 and the Great Depression.
After a horror day that saw the US Markets drop 23%, the All Ords shed a quarter of it’s value when it opened the following day.
Macquarie Finance Editor, Ross Greenwood, says it hit many entrepreneurs hard including the likes of Holmes A Court, Bond and Skase. Many mum and dad investors and retirees had their savings wiped out.
On the 30th anniversary of the 1987 crash, Steve and Baz asked Ross what he remembered of it and if he believed it could happen again?
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