1987 Crash anniversary has much to teach us

Date: Monday, October 19, 2009

1987 Crash anniversary has much to teach us

Investors younger than their early 40s, and who therefore were not yet
out of college 22 years ago, will probably wonder why many old timers
are making such a big deal out of the anniversary of the stock-market
crash that occurred on this day in 1987 -- which also happened to be a
Monday.

U.S. STOCK MARKET LOOKS TO FINANCIALS FOR RESULTS

As the U.S. stock market follows the latest round of earnings, the
results so far have the financial sector reporting much of the upside
surprises.

ICAHN ATTACKS CIT'S RESTRUCTURING PLAN

Billionaire Carl Icahn launches a blistering attack on CIT Group's board of
directors, claiming a reorganization plan envisioned for the troubled
lender is merely an attempt to buy votes.

MONDAY'S BIGGEST GAINING AND DECLINING STOCKS

Among the companies whose shares are expected to see active trade in
Monday's session are Allion, Apple, Eaton, Facet Biotech, Hasbro,
InterDigital, Nokia, Pfizer, TI and Weatherford.

HASBRO'S QUARTERLY PROFIT RISES ON COST CUTS

Hasbro, maker of Transformers action figures and Nerf toys, reported
that its third-quarter net income rose 9% from the year-ago period on
declines in research and advertising spending.