Ultimately, if a trader opened a spread bet on the first trading day of the year, January 2, and was able to keep it open throughout Black Monday
all the way to December 31, it is possible that they would not have lost a penny.
Friday's decline--the third biggest point and percentage drop this year was the 9th biggest point drop in the Dow since Black Monday
Federal Reserve Chairman Alan Greenspan has described the current stock market turmoil as ''identical'' to the 1987 Black Monday
crash, the Wall Street Journal reported in its online edition Friday.
COM as their primary shopping source for Black Monday
, November 27, 2006.
If the dollar depreciates too quickly, it could precipitate a sell-off in stock markets (like Black Monday
in 1987, which was instigated by then Treasury secretary James Baker's attempts to push the dollar lower).
1987 Wall Street was struck by Black Monday
, when millions were wiped out by stockmarkets around the world.
Bergsten himself says that the post-Plaza decline "set the dollar up for a hard landing" and "contributed mightily to Black Monday
in the stock market that October.
Little did he know his first day on the job was doomed to be Black Monday
, the nightmarish day when internal auditors trying to clean up the company's financial mess announced that $122 million (US) had allegedly been sunk into private investments without the knowledge or approval of the board of directors.
It turns out Woodward has parachuted us right into Black Monday
, the biggest one-day slide in stock market history.
She must have had a lot of her investment in cash, or solid stocks, especially during Black Monday
in 1987 and she must have spent a lot of time moving stocks and shares around and ensuring her money was working to its full potential for her and her son.
By contrast, almost all tactical asset allocators were largely out of the stock market on Black Monday
IN THE aftermath of Black Monday
, Jordan Belfort (Leonardo DiCaprio) loses his job and is forced to sell penny stocks at a fly-by-night operation in Long Island.