Friday, October 19, 2012
Animation Fun Facts for Oct 19, 2012 fri
Birthdays: Martha "Patsy" Jefferson, Auguste Lumiere, John Le Carre', Peter Tosh, Amy Carter, Jack Anderson, Peter Max, John Lithgow, Robert Reed of the Brady Bunch, Evander Holyfield, Patricia Ireland, Michael Gambon, Trey Parker of South Park is 42 1987- Black Monday, The STOCK MARKET CRASH OF '87. The Dow falls 508 points. It was partly blamed on the Arbitrage high speed automated stock trading system going bananas and turning a downswing . Venerable old firms like E.F. Hutton sank beneath the waves -having their chairman Bob Froman plead guilty to 22 million dollars worth of bank and mail fraud didn't help either. However in six months most of the losses were regained, some traders saying the recovery was spurred by a bronze statue of bulls placed at the foot of Wall Street. A system of emergency circuit breakers were installed to prevent arbitrage from flipping out again. In Sept 2008, the Dow fell 750 points. 1990- Kevin Costner’s film Dances With Wolves premiered.