Nassim Taleb, autor de ‘Cisne Negro’, recuerda el Lunes Negro de 1987

The speaker recalls a vivid memory from 1987, describing a day of intense concentration and trading. During a walk home, they realized the market was in turmoil, triggered by a significant interest rate cut by Greenspan. The discussion highlights the unexpected market movements, particularly in euro dollars, and the statistical anomalies that occurred. The speaker emphasizes the explosive nature of options during this period.

What was the narrator's state of mind during the trading day in 1987?

• Anxious and worried

• Relaxed and carefree

• Highly concentrated and unaware of surroundings

• Distracted and unfocused

What significant action did Greenspan take following the 1987 market crash?

• Banned short selling

• Introduced new trading regulations

• Increased interest rates by 275 basis points

• Lowered interest rates by 275 basis points

How did the euro dollar futures react to Greenspan's action?

• They were unaffected

• They rallied by 375 basis points

• They declined sharply

• They remained stable

What was the narrator's observation about the statistical move in the stock market?

• It was less than 10 standard deviations

• It was a significant outlier

• It was a minor deviation

• It was within normal expectations

What was the narrator's realization about options during the market movements?

• Options were stable and predictable

• Options were undervalued

• Options had no significant impact

• Options were extremely explosive