Does anybody remember what was the reason for the sell off in October 1997?

1 ⤊

2007-02-27 07:41:15 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing

SELL OFF OF OVER 500 POINTS IN THE STOCK MARKET!!!

2007-02-27 07:47:26 · update #1

an economic crisis in Asia (a.k.a "Asian flu")

See http://en.wikipedia.org/wiki/October_27%2C_1997_mini-crash

2007-02-27 07:53:03 · answer #1 · answered by distant_foe 4 · 1⤊ 0⤋

I don't know. Is it 97 or 87. If it is 87 then it was due to triple witching hour and program trading.

2007-02-27 21:38:29 · answer #2 · answered by Mathew C 5 · 0⤊ 0⤋