Black Monday (1987)
DJIA (June 19, 1987, to January 19, 1988)
|
Date |
October 19, 1987 |
Type |
Stock market crash |
Outcome |
- 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.