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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [ 2 ]
Oct. 19, 1987 was the day of the largest one day stock market drop in history -- and then-real estate investor Donald Trump claimed to have seen it coming.
19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the ...
Société Générale’s Albert Edwards said that while some economists are expecting a soft landing his “view is that a recession still lurks.”
In 1988, Garzarelli's fund was the worst-performing fund among growth stock funds. From 1988 to 1990, Garzarelli's fund underperformed the S&P 500 average by about 43 percent. Even the few investors who were in her fund before the crash in 1987 (when Garzarelli's fund outperformed the S&P 500 by about 26 percent) still lost.
As the stock market continues to sell off, Investopedia shared an inside look at how investors are reacting. Caleb Silver, Investopedia Editor-in-Chief joins Yahoo Finance's On The Move to discuss.
As a result of the mid-1980s bull market, the index would more than triple from 102.42 on August 12, 1982, to 336.77 on August 25, 1987. [2] The subsequent stock market crash on October 19, 1987 (Black Monday) saw the index lose 20.47% of its value, its highest daily percentage loss to date. [3]
The man who predicted the 1987 stock market crash is sounding the alarm again. 'Extreme optimism has consequences': This market legend warns there's 'so much risk' in stocks right now — believes ...