Original article by Glenda Korporaal
The Australian – Page: 19 & 23 : 16-Oct-17
With the 30th anniversary of the Black Monday stock market crash of October 1987 approaching, experts warn that there is the potential for another sharemarket rout. Former ASX chairman Maurice Newman was the head of Bain & Company at the time of the 1987 crash. He notes that sharemarket valuations are again highly inflated, and share prices are now well above those that prevailed immediately before previous crashes. The former CEO of the Sydney Futures Exchange, Les Hosking, also warns that financial markets are vulnerable to another crash.
ASX LIMITED – ASX ASX, SYDNEY FUTURES EXCHANGE LIMITED, BAIN AND COMPANY