Tactical Asset Allocation Portfolio 

Appetite for destruction

Appetite for destruction

The mid-1980s are popularly remembered as a time of excess, especially in the United States where the avarice of financiers was immortalised by Gordon Gecko’s “greed is good” line from the 1987 film Wall Street. Hollywood may script exaggerated villains and anti-heroes, but the drama that unfurled on Black Monday in October 1987, when the S&P 500 suffered its worst ever one-day fall, would have been difficult to overstate.

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