Black Monday … 20 years ago this week
October 14, 2007 · By Adam · Filed Under Trading Tips & Techniques
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BLACK MONDAY
20 years ago on October 19th, 1987, the Dow Jones Industrial Average plunged 508 points an astounding 22.6% in one day. Can it happen again? Will history repeat itself? What do you think? Let us know in this weeks poll. Be Prepared |
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2 Responses to “Black Monday … 20 years ago this week”
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In ‘87 I must have been one of the few who got out in time as I had a dream the night before that I was riding in a car with 4 guys who had no shirts on. We went up to a stop light that turned red. My mom was standing on the corner by the light holding the clothes I presumed to be their shirts. that was enough for me. I went to the phone the next AM and sold !
So far, no dreams-
I’m just a young guy. Why did the market crash so badly on that day? Mike
Mike… there are many theories for the cause of Black Monday. Although not pinpointed, many factors have been scrutinized. I invite our readers to help give some ideas on the causes of Black Monday.
Best,
Lindsay