Before Black Monday (October 19), the Dow had already declined 18% from its August peak.
FORBES: Fears That Sparked Black Monday In 1987 Dormant But Not Dead
The 23% Black Monday drop in 1987 left a divot that was quickly filled in.
The Black Monday decline was the second largest one-day percentage decline in stock market history.
The 23% drop on Black Monday in 1987 left a divot that was quickly filled in.
If they all go down at the same time, it'll make Black Monday look like Thanksgiving.
Despite this, I do not believe that the stock market is as vulnerable to another Black Monday.
FORBES: Fears That Sparked Black Monday In 1987 Dormant But Not Dead
In the years since then, Sylla says, Wall Street has taken steps to prevent another Black Monday.
Blackstone closed its first fund and locked in investor commitments on October 15th 1987 just days before Black Monday.
The Coolidge administration, sandwiched between Genoa and Black Monday, had nothing to do with causing the Great Depression.
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Though it scared Wall Street and contributed to the Black Monday debacle, this proposal would not have worked either.
Last week, they came close to precipitating a major financial panic, the equivalent of Black Monday, possibly another 1929.
From 1983 to Black Monday in October 1987, the market gathered speculative momentum.
The October 1929 stock exchange collapse did not cause the Depression any more than Black Monday did in 1987.
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The gold standard, which had been out of commission for over a decade before Black Monday hit, got blamed.
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In Birmingham in November he apologised for Black Monday and the humiliation of Britain's eviction from Europe's exchange-rate mechanism.
Indeed, Black Monday now looks like a blip on the long-term stockmarket graph.
Manning formed a broker dealer, lured institutional investors and floated his first fund for them--on Black Monday, Oct. 19, 1987.
Wall Street had begun to weaken through the summer months and was particularly weak on the Friday before "Black Monday".
On Aug. 24, 1989, the Dow was up 57 percent from its Black Monday disaster and broke its August 1987 record.
In the pre-Black Monday days in October '87, Congress toyed with the concept of disallowing the interest deduction on corporate buyout debt.
On May 27, 1935 afterward known as Black Monday the Supreme Court met, for very nearly the last time, in the Old Senate Chamber.
Though most simply remember the 1987 Crash as one panicked selling day, Black Monday was just the largest drop in a string of bad days.
FORBES: Fears That Sparked Black Monday In 1987 Dormant But Not Dead
MacKenzie, a professor of science and technological studies at the University of Edinburgh, compared the flash crash with Black Monday crisis of October 19, 1987.
The Monday after the final Sunday of the NFL regular season has been dubbed Black Monday because it is the day the season of head coach firings begin.
By the end of Black Monday, as it came to be known, the Dow was down 36 percent from the record it had set just two months before.
Bogle, a class act, reminds shareholders that the 15% annualized return over ten years for Windsor I is an overstatement because 1987's Black Monday got dropped at year-end.
The Cardinals also let Whisenhunt go on Black Monday, Dec. 31, cutting ties with the winningest coach in franchise history and the one who helped resurrected a sad-sack franchise.
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