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Black Monday - 20 years ago

Discussion in 'General Investing Discussion' started by Alan, 20th Oct, 2007.

  1. Alan

    Alan Well-Known Member

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    Keeping an eye on history can always be useful....

    October 19th marks the 20th anniversary of 'Black Monday' when the DOW fell 23% in one day.

    In Australia, the Market fell 25% in one day and finished 41.8% lower by the end of October.

    A few years later, many think a 3-4% fall is big. :rolleyes:

    The following gives some information on the day......

    Stock Market Crash of 1987
     
  2. crc_error

    crc_error The Rule of 72

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    Looks like black monday is here again! dow down 366 points!!!!!!!!!!!!!!!
     
  3. voigtstr

    voigtstr Well-Known Member

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    24th Jan, 2007
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    Hobart
    Buying opportunity? Wish I was cashed up instead of still paying down consumer debt (will be out of debt now (except for mortgage) in March now I think)
     
  4. Billv

    Billv Getting there

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    The 1987 crash seemed catastrophic at the time but didn't derail the long-term investor.

    At the time, Americans were dealing with a falling dollar, a new Federal Reserve chairman, and a global war (albeit a "Cold" one) that bred uncertainty.

    Does it all sound familiar?

    Here is the full article.
    The Lessons of 'Black Monday' - US News and World Report