Black Monday in New York, Blue Tuesday in Tokyo: the October 1987 Crash in Japan

Article Abstract:

This article summarizes the events around the October 19, 1987, Japanese stock market decline. Although Tokyo suffered a "crash," it did not experience the same "panic" as New York, primarily because Tokyo had a more consistent institutional regulatory structure and could rely on more patient investors. Tokyo can, with certain limitations, be taken as an example of how the the "Brady Report" proposals would work in practice. Since Tokyo suffered a crash, if the Brady proposals are designed to prevent a crash, the Japanese experience proves that this cannot be done. On the other hand, if the Brady proposals are not meant to prevent a crash, but rather to help q quick return to an "orderly market," Tokyo can serve as evidence that the Brady proposals are a step in the right direction. (Reprinted by permission of the publisher.)

Security and commodity exchanges, Economic aspects, Japan, Economic policy, Tokyo Stock Exchange, New York Stock Exchange Inc., Tokyo, Japan, Stock Market Crash, 1987, Brady, Nicholas F.

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Comparing Software Vendors: How to Pick a Winner

Article Abstract:

There are over one hundred futures-based computer service vendors. The needs of a firm should be analyzed before selection of a package is made. Economic factors are essential considerations, when selecting software, data, or hardware. Technical Analysis Group offers hotline backing and software updates, as well as yearly seminars on applications and technical analysis. Software ranges should be classified as distinct, complementary or comparison-based. Intraday quote retrieval and analysis can link a microcomputer to a stable data stream. ADP Comtrend is a leader in that area. Aspects of technical analysis, trading systems, account management and data vending are considered.

Evaluation, Vendors and purchasers (Law)

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A view from the top

Article Abstract:

Comment from eight accounting software company executives are presented including RealWorld Corporation manager Larry Brennan; TLB Inc (Findlay, OH) President Gary Harpst; and State of the Art dealer David Samuels. The executives find the market has become more segmented and less dynamic. Executives also see that while sales have grown, market share is generally static. Additionally, because audiences are more advanced and more systems accommodate multi-users, programming design is becoming more sophisticated.

Accounting, Accounting software, panel discussion, TLB Inc., Brennan, Larry, Harpst, Gary, Samuels, David, RealWorld Corp., State of the Art Inc. (State College, Pennsylvania)

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