How Black Monday changed Wall Street forever
Yahoo Financeยท2025-09-17 12:24
You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. What if one phone call told you the market was on fire? On Trader Talk, Kenny Polcari relives Black Monday with First Boston trader John Prasco, the 1987 crash that erased half a trillion dollars in hours. Hear how specialists begged for firm capital, hedge funds dumped portfolios alphabetically, and blue chips like Johnson & Johnson (JNJ) lost half their value in a single day. A raw inside floor account of cha ...