20 years ago Friday, on Monday October 19, 1987, the stock market crashed in its worst one day drop ever (22.6%).
Black Monday stands as Wall Street’s apacolyptic moment.
Why? Nobody can give a satisfying answer.
And, of course: Can it happen again?
The financial media are out in force with articles about Black Monday and the questions it raises.
A couple I read are:
“Exorcising Ghosts of Octobers Past” (subscription required), Monday October 15, The Wall Street Journal, C1
“Black Monday: 20 Years Later Can It Happen Again?” (subscription required), Saturday October 13, Barron’s, Cover Story