Friday, October 19, 2007
20th Anniversary of the Crash of '87
Happy Anniversary! The Dow commemorated the date by dropping 366 points versus the 508 points it dropped on 'Black Monday' 1987. In percentage terms, today's drop was only 2.6% compared to the 22.6% drop in 1987. That certainly provides some perspective on the performance of the stock market over the last 20 years.
As the video above shows, things could be a lot worse.
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