How Black Monday changed Wall Street forever

From the creator

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 chaos, fear, and survival when Wall Street stared into the abyss. Watch more episodes of Trader Talk here: https://finance.yahoo.com/videos/series/trader-talk/ Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights, empowering you to navigate market volatility and secure your financial future. This podcast is for informational and educational purposes only. The information presented should not be construed as investment advice. The opinions shared are solely those of the host, Kenny Polcari, Chief Market Strategist for SlateStone Wealth, and the guests on the Podcast and do not reflect the investment advice or views of SlateStone Wealth. All information provided is subject to change without notice, and while we use what we believe to be reliable sources, even the best can miss a play—kind of like your favorite sports analyst. The firm may or may not hold positions in the assets, strategies, or industries discussed, but this podcast is

Published 2025-09-17 · Watch on YouTube ↗
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