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crash |
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Crash A major decline in a financial market. Notes: Crashes are substantial and lingering. To be considered a crash, the market decline must be evidenced as a 20% drop in an index's total value. Crash Dramatic loss in market value. The last great crash was in 1929. Some refer to October 1987 as a crash but the market return for the entire year of 1987 was positive.
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