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Started By
Message
"Black Monday" was on this date in 1987
Posted on 10/19/26 at 1:57 pm
Posted on 10/19/26 at 1:57 pm
The Dow fell 22.6 in one session on Monday October 19, 1987.
Black Monday - October 19, 1987
More detail
Black Monday - October 19, 1987
More detail
Posted on 10/19/26 at 2:38 pm to I-59 Tiger
I was alive for it and it did not have the impact people make you believe. If not for the news sensationalizing it, people would not have known. Back then you checked your stocks in the newspaper and you did not check the daily. It only really impacted Wall Street.
It was news worthy, but the digital age crashes have been much more dramatic with information flowing quicker and individuals being able to panic directly in the market and not go through a broker.
It was news worthy, but the digital age crashes have been much more dramatic with information flowing quicker and individuals being able to panic directly in the market and not go through a broker.
Posted on 10/19/26 at 3:23 pm to DarthRebel
quote:
I was alive for it and it did not have the impact people make you believe. If not for the news sensationalizing it, people would not have known.
You say it didn't have the impact people make you believe?
The entire reason we have Trading Curbs today is because of Black Monday in 1987.
quote:
It was news worthy, but the digital age crashes have been much more dramatic with information flowing quicker and individuals being able to panic directly in the market and not go through a broker
You say digital age crashes have been much more dramatic?
Black Monday in '87 is the largest one day drop in history (22.6%).
The second largest one day drop in history was only 12.9%.
Last time I checked 22.6% > 12.9%
This post was edited on 10/19/26 at 3:49 pm
Posted on 10/19/26 at 4:14 pm to Tampa Ray
I remember my dad coming home from work and he was talking about it watching the news. Later that night we went to a preseason NBA game and watched Charles Barkley play.
Crazy the things that stick out.
Crazy the things that stick out.
Posted on 10/19/26 at 5:28 pm to I-59 Tiger
I’ve been in the market since 1992. Just missed it by a few years
Posted on 10/19/26 at 5:58 pm to DarthRebel
quote:you call that living?
I was alive for it
Posted on 10/19/26 at 6:57 pm to I-59 Tiger
I remember it. A freshman in college. Thought we were going to be in a depression. My grandfather was always scaring us about there will we another depression like he went through in the '30. He would say we were soft and could not handle it.
Posted on 10/19/26 at 8:14 pm to Tampa Ray
quote:
Tampa Ray
Whose alter are you and why is everything in bold?
Posted on 10/19/26 at 9:59 pm to I-59 Tiger
(no message)
This post was edited on 10/19/26 at 10:00 pm
Posted on 10/20/26 at 7:01 pm to DarthRebel
It absolutely had an impact, most people had never experienced anything like that. Mutual funds had just started taking off, so more people were in the game.
I remember my father getting out the week before. The guys on Wall Street Week saw something coming and he always used them as a bellwether.
I remember my father getting out the week before. The guys on Wall Street Week saw something coming and he always used them as a bellwether.
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