Friday Is The 20th Anniversary of Black Monday


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

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