A Look Back at the 1987 Market Crash
The increased volatility in the US Stock markets over the past few weeks has scared investors, now may be a good time to look at what happened in the 1987 market crash.
During October 14 and October 19, 1987, major indexes in the United States dropped 30 percent or more. On October 19, 1987, a day now know as Black Monday, the Dow Jones Industrial Average plummeted 508 points, losing 22.6% of its total value, while the S&P 500 dropped 20.4%, falling from 282.7 to 225.06. Continue Reading »
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