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The 1987 stock market crash refers to the selloff that occurred on “Black Monday,” October 19. It was the largest single-day decline in the history of the US stock market–the Dow Jones Industrial Average (DJIA) lost 22.6%. While it was a massive decline, it was short-lived.
In August of 1987 the DJIA peak at 2,722 and drifted a bit lower. Troubles began in mid-October. On October 14 the DJIA dropped 3.8% and another 2.4% on…
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