Black Monday


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Related to Black Monday: Black Friday, Black Tuesday

Black Monday

Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987.

Black Monday

October 28, 1929. The date of one of the large stock market crashes that presaged the Great Depression. While the Great Depression had already begun in some areas, Black Monday, which followed Black Thursday, showed that the crash of the previous week was not a one-time event and helped mark the end of the speculative bubble that had characterized most investing in the 1920s. Black Tuesday followed the next day. The Great Depression contributed to the formation of most regulation still in force today.

Black Monday

A widely used reference to October 19, 1987, the day the Dow Jones Industrial Average dropped a record 508 points, or nearly 23%. Disarray in the financial markets resulted from a combination of trade deficits, budget deficits, and potential government regulation of mergers and issuance of junk bonds.
References in periodicals archive ?
He predicted long before Black Monday that the day would come when the strategies would turn a normal market downturn into [what he called] "a first-class catastrophe.
26 points), exceeding the points loss of 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.
For those who findfmd index arbitarage, puts and calls and the Federal Funds market only a little less mysterious than quantum physics or transubstandation, Black Monday is an excellent primer.
Data Processing Staff Turnover to be Lower in 1988 Still reeling from Black Monday, Wall Street firms are exercising caution in hiring data processing personnel, according to a poll by Edward Perlin Associates, Inc.
24 was the called Black Monday or the day when jitters over the Chinese economy-two weeks after the devaluation of the yuan-caused a global equities meltdown and dragged down the PSE index by 487.
IN the aftermath of Black Monday, Jordan Belfort (Leonardo DiCaprio, right) loses his job and is forced to sell penny stocks at a fly-by-night operation in Long Island.
On Black Monday, March 29, 1652, it was recorded in the Hart Village Parish records in relation to the burial of a John Pasmore, "There was a star appeared in the southeast, ye sun eclipsed.
JANUARY 2008: On Black Monday pounds 77 billion was wiped off the Stock Exchange as the global economy crashed.
8 percent, the most since Black Monday (October 19, 1987).