Throwback to 1987: Wall Street Journal "Before the Fall - Crash of '87"

I've seen some people draw parallels to 1987: high valuations, rising rates, a new Fed chair, an euphoric rise in the market. Here is a little throwback from the Journal to the year 1987:


Before the Fall - Crash of '87

WSJ 12-11-87 Article - 1987.jpg

A new valuation paradigm: Private Equity and the rise of "private market value". EBITDA over earnings.

WSJ 12-11-87 Article - Euphoria.jpg

A change at the helm of the Fed.

WSJ 12-11-87 Article - Fed.jpg

Sentiment, right before the break:

WSJ 12-11-87 Article - Sentiment.jpg