Black Monday

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Neither was it enough for them to prove that any or all of the four defendants had been incompetent, irresponsible or negligent in the execution of their duties that bloody Monday. Elfvin told the jury the plaintiffs had to prove that the defendants acted "sadistically" and with "wanton and deliberate indifference" to the harm their actions or abdications from involvement would cause.
TACURONG CITY -- An alert fruit vendor prevented what could have been another bloody Monday morning here, police said.
Bloody Monday was on 31 May in the year of our Lord 2010 in the eastern Mediterranean sea and about ninety miles off the Holy Land.
27 -- "Bloody Monday" -- was a speed bump in the fast lane.
of Cincinnati, which dipped less than two percent the day after Bloody Monday and ended the week 2.3 percent higher than the previous week's close.
Blaming the toll on Sunni followers of executed Saddam Hussein, Iraqi Prime Minister Nuri al-Maliki said: "These terrorists think this will break the people's will and incite strife." The first blast of Bloody Monday was a parked car bomb which tore through stalls at a second-hand market between Tayaran and Tahrir squares, one of the busiest parts of Baghdad.
The Provisional IRA always denied any involvement in the atrocity, which became known as Bloody Monday.
Another highlight is Dutch filmmaker Coco Schrijber's "Bloody Mondays and Strawberry Pies," an exploration of human boredom narrated by John Malkovich.
BLOODY Mondays! I don't hate them for the reason that many of you do,not even for the reason that the Boomtown Rats did,but I hate this Monday past because of a change that came over me: an emotional reversal of the poles that has left me confused and unsure of my own sanity.