Black Monday
Black Monday - The Sharpest Fall
On October 19th 1987, The Dow Jones Index fell from 2246.73 to 1738.41. This was the largest ever recorded drop, almost double that of the 1929 crash . $900 billion in equity simply evaporated as stock markets around the world reacted. The crash of 1987 stands out as one of the most remarkable financial events of the 20th century. The market fell an unprecedented 23% (equivalent to nearly 3000 points today). Described as a ‘black swan’ event, the exact causes of the crash are still widely debated.
