Black Monday (1987)
(June 19, 1987, to January 19, 1988)
||October 19, 1987
||Stock market crash
- Dow Jones Industrial Average falls 508 points (22.6%), making it the highest one-day drop by percentage in the index's history
- Federal Reserve provides market liquidity to meet unprecedented demands for credit
- Dow Jones begins to recover in November 1987
- NYSE institutes rule regarding trading curbs in 1988
Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on October 19, 1987.
Major world markets experienced a sharp decline in October 1987. Measured in USD markets declined by 20 to 46%
The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression.
That day, exactly 34 years from now, I sadly experienced my first CRASH and lost 1/3 of my assets that week.