What We Can Learn from Stock Market Crash of ’87

By: Gerelyn Terzo

On Oct. 19, 1987, the Dow Jones index plummeted more than 22%, marking the worst single-day performance in the New York Stock Exchange’s history, including the start of the Great Depression, and earning the nickname Black Monday. These days, the global economy is suffering from what Wall Street veteran Ray Dalio describes as a “great sag.” While the stock market faces headwinds that have made volatility the new normal, it’s hard to imagine an imminent collapse, the likes of which we haven’t seen either since the eighties or the Great Recession. That doesn’t mean that people aren’t worried and there aren’t lessons to glean from the stock market crash of ’87.

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