Riding The Wild Bull Research Paper

It was October 19, 1987 when stock markets around the world crashed and caused widespread loss. It was known and remembered as one of the biggest crashes of the times. Before the crash, Wall Street was a busy and active place, with everyone trying to get more money because it was never enough. There was even a movie that was released that mocked the mindset and made Wall Street look like a place of sin and corruption. However, stories, especially movies, are often over dramatic. Most stories overlooked either the average citizens that made a lot of money in the stock market through research, or how most of the corrupt people in Wall Street didn’t have larger than life personalities. So, what does the real villainy of Wall Street look like?

Of particular relevance are new era stories, those that purport to describe historic changes that will propel the economy into a brand era.” An example of a new era story is Riding the Wild Bull by Stephen Koepp. Riding the Wild Bull was published in July of 1987, which was three months before the stock market crash. Koepp coined the term “wild bull market” to describe Wall Street during the 1980s. However, term was later applicable to the economy and Wall Street after the stock market crash of 1987. The term, bull market, stems from the supposed bullishness of the run of the Dow Jones Industrial Average, which is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ. The Dow, went from 776.92 in August 1982, to 2405.54 on April 6, 1987, suddenly falling to 2215.87 on May 20, 1987. However on July 24, 1987, the Dow closed over 2500 for the first time, ending the day at 2510.04.(15) After the stock market crash of 1987, there were companies that bought back their stocks, even though the stock was worthless. These companies were a part of the bull market and was the driving force behind the recovery of the stock market and