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Topic: Black Monday (1987)


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In the News (Sat 26 Jul 08)

  
  Black Monday - Wikipedia, the free encyclopedia
Black Monday, Malta, 15 October 1979 - the offices of the Times of Malta were set on fire during a political rally.
Black Monday, Dublin, 1209 - occurred on when a group of 500 recently arrived settlers from Bristol were massacred by warriors of the gaelic O'Byrne clan.
Black Monday may also refer to the day after the last regular season game during a football season, where coaches that did not live up to expectations are usually fired.
en.wikipedia.org /wiki/Black_Monday   (321 words)

  
 Black Monday (1987) - Wikipedia, the free encyclopedia
Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) fell 22.6%.
The Black Monday one-day decline was not confined to the United States but was mirrored all over the world.
The Black Monday decline was the second largest one-day percentage decline in stock market history.
en.wikipedia.org /wiki/Black_Monday_(1987)   (1114 words)

  
 Black Monday: Facts and details from Encyclopedia Topic   (Site not responding. Last check: 2007-10-16)
Monday is the day of the week between sunday and tuesday....
Black thursday or the wall street crash refers to october 24, 1929, the day when the new york stock exchange crashed, leading eventually to the great...
(fl wednesday refers to september 16 1992 when the government was forced to withdraw the pound from the european...
www.absoluteastronomy.com /encyclopedia/b/bl/black_monday.htm   (1988 words)

  
 Black Monday: The Stock Market Catastrophe of October 19, 1987   (Site not responding. Last check: 2007-10-16)
Black Monday is also especially timely in light of the 2003 scandal over the New York Stock Exchange Chairman's pay.
Black Monday also is especially timely today in light of the 2003 scandal over the Exchange Chairman's pay, a scandal that has produced rising pressure from the Exchange's enermies to scrap its traditional human-based auction approach to trading securities.
He closes with the Cassandra-like note that instead of trying to control the astonishingly high levels of trading in short periods of time which was a major cause of Black Monday, the NYSE with the guidance and support of the Security Exchange Commission (SEC) increased the capacity for trading.
www.beardbooks.com /black_monday.html   (1662 words)

  
 Stock market crash - Encyclopedia, History, Geography and Biography
Black Monday (1987) on the Dow Jones Industrial Average
There was also a crash or "adjustment" on Monday October 19, 1987, known in financial circles as Black Monday, when the Dow Jones lost 22% of its value in one day, bringing to an end a five-year bull run.
The stock market downturn of 2002 was part of a larger bear market and a Dot-com stock market bubble as well as Enron corruption that took the NASDAQ 75% from its highs and broader indices down 30%.
www.arikah.com /encyclopedia/Stock_market_crash   (338 words)

  
 Lope Markets - 1987 Stock Market Crash Page
The crash of 1987 stands out as one of the most remarkable financial events of the 20th century, perhaps since the emergence of our capitalist system several centuries ago.
To put it briefly, in 1987, market participants felt that conditions were starting to resemble 1929, the year of the well known crash that ushered in the Great Depression.
My thesis is that a number of 1987 participants perceived a resemblance between their era and 1929, and sold stocks based on the analogy they had drawn.
www.lope.ca /markets/1987crash   (2231 words)

  
 Black Monday (1987) - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-16)
In 1986 the United States shifted from a rapidly growing recovery to a slower growing expansion, there was a "soft landing" as the economy slowed and inflation dropped.
As 1987 wore on, and it seemed that recessionary fears were behind the US economy, and there was a boom ahead, the US stock market advanced significantly, peaking in August of 1987.
Some economists theorized the speculative boom leading up to October was caused by program trading, while others argued that the crash was a return to normality.
www.clarksville.us /project/wikipedia/index.php/Black_Monday_(1987)   (763 words)

  
 Review - Black Monday by William Manchee   (Site not responding. Last check: 2007-10-16)
Black Monday is a thrilled packed compelling read filled with a masterfully engineered story line, snappy, first class dialogue and spine tingling action.
Black Monday is another in what this reviewer hopes is to be a very long series of William Manchee’s ‘Stan Turner’ mystery thrillers.
Black Monday is a narrative that will grab you from the first line and will hold interest steady right on down to the last page.
www.booklore.co.uk /PastReviews/MancheeWilliam/BlackMonday/BlackMondayReview.htm   (690 words)

  
 1987 Stock Market Crash - Black Monday
On Monday, October 19, 1987, the Dow Jones Industrial Average declined 22.6% in the largest single-day drop in history.
Black Monday, as it has become known, was almost twice as bad as the stock market crash of October 29, 1929.
Three days before Black Monday, the stock market gains for the year dropped by 11.6%, including the effects of a 9.5% drop on October 16, 1987.
www.greekshares.com /black_monday.asp   (454 words)

  
 stocks10
It was Oct. 19, 1987, Black Monday on Wall Street, the day the Dow Jones industrial average fell 508 points - 22.6 percent - its worst performance in modern history and its second worst day ever.
On Oct. 19, 1987, O'Sullivan worked at Reynolds, DeWitt Securities in Cincinnati and was scheduled to leave with his church choir for a tour of Italy that included a performance for the Pope.
And in the week before Black Monday, Iran had fired on an oil tanker in the Persian Gulf and the U.S. retaliated by attacking an oil platform.
www.cincypost.com /news/1997/stocks101797.html   (765 words)

  
 Black Monday
The chairman of a failed thrift and his girlfriend are found with their throats slashed and an old lady is found asphyxiated along with her eleven dogs.
Black Monday is highly recommended to everyone who enjoys passing the evening with a good mystery.
However, this Monday, October 19, 1987, is worst than usual as the markets have nose dived from the opening bell and his clients are panicking like everyone else’s customers accelerating the drop.
williammanchee.com /black_monday.htm   (834 words)

  
 'Black Monday' hits world's stock markets - 'Black Monday' hits world's stock markets - CBC Archives
Monday Oct. 19, 1987 began with a surprise rash of selling in Asia's stock markets.
This clip from The National tracks the devastating events of Black Monday and looks at how it brought an end to the bull market of the 1980s.
Black Monday's effects were felt across the world, including Canada.
archives.cbc.ca /IDC-1-73-1883-12455/politics_economy/twt/clip1   (772 words)

  
 Black Monday Definition
Black Monday, or October 19, 1987, was the day of the single largest broad decline in the history of US equity markets.
Black Monday is thus a critical piece of evidence against the efficient market hypothesis, which assumes investors always behave according to rational expectations.
Investigation of Black Monday events showed that computer systems and phone lines were overwhelmed by the unprecedented order volume.
www.investorglossary.com /black-monday.htm   (240 words)

  
 Black Monday on Encyclopedia.com   (Site not responding. Last check: 2007-10-16)
One year later: most of fl monday's impact has faded away.
Black Oak Casino Will Be Closed Monday, January 10 and Tuesday, January 11; The Phase II Gaming Fl...
Return to the London Underworld With the Launch of The Getaway: Black Monday Exclusively for PlayStation(R)2; Team Soho Blends Cinematic Narrative and Cutting-Edge Gameplay in the Sequel to the Three-Million Unit Best-Seller, The Getaway.
www.encyclopedia.com /html/b/blckm1onda.asp   (312 words)

  
 The Motley Fool UK: Market Comment 19/10/2001
During the heady summer of 1987, it announced a rights issue at 2.5p per share to help fund its transformation into a leading electronics firm.
On a 20-year timescale, you can see how the ups and downs of 1987 were just a blip on an index tracker's rising path.
And the final lesson from Black Monday is this: it made for a great buying opportunity.
www.fool.co.uk /news/Comment/2001/c011019b.htm?source=EDSP   (470 words)

  
 [No title]   (Site not responding. Last check: 2007-10-16)
Black Tuesday Following several days of exceptionally heavy trading volume from Black Thursday to Black Monday (1929), panic selling swept the stock market on 29 October 1929.
Black Monday (1987) After experiencing its first daily decline exceeding a hundred points (down 108.36 to 2304.34) the previous Friday, on Monday 19 October 1987, the Dow Jones Industrial Average sustained its greatest one-day loss in New York Stock Exchange history by falling 508 points (22.6 percent).
Black Monday led the Securities and Exchange Commission to impose regulations to limit market volatility by halting the execution of orders when the Dow Jones Industrial Index rose or fell by over 50 points in a day.
www.bannerofliberty.com /OSNotes/3-21-2001.1.html   (611 words)

  
 Monday - Search Results - MSN Encarta
Monday, second day of the week, derived from the Anglo-Saxon monandaeg, which means “the moon's day.” Its Latin equivalent is dies lunae,”day of the...
Black Monday, October 19, 1987, day on which stock market prices in the United States declined precipitously, accelerating steep losses in stock...
Exclusively for MSN Encarta Premium Subscribers--quickly search thousands of articles from magazines such as Time, Newsweek, The Atlantic Monthly, and Smithsonian.
ca.encarta.msn.com /Monday.html   (85 words)

  
 washingtonpost.com: Business Special Report: Black Monday Tenth Anniversary
Before 1987, the nation's only previous experience with a sudden crash had been in 1929, which had ushered in the Great Depression and wiped out a significant chunk of a generation's wealth.
What arose from the 1987 crash was a new conventional wisdom about equity investing: Stock prices rise as companies grow; the prices eventually reach excess levels, and then they correct themselves.
In 1987, pension funds were enamored with a new trading concept called "portfolio insurance." In theory, the strategy protected an investor from losses in a declining market because users could sell futures contracts that would rise in value if stock prices fell.
www.washingtonpost.com /wp-srv/business/longterm/blackm/blackm.htm   (1245 words)

  
 Stock Market Crash of 1987
On Monday, October 19, 1987, the Dow Jones Industrial Average fell 508.32 and closed at a record-breaking low of 1,738.40 points (Arbel and Kaff, pg 61).
The 22.9% loss in 1987 almost doubles the percentage lost in the Crash of 1929, which was 12.82% (Arbel and Kaff, pg 61).
One of the most frustrating aspects of Black Monday for the fund investors was the inablility to call in in order to check their stock prices, or even trade, for that matter.
www.ncs.pvt.k12.va.us /ryerbury/pasc/pasc.htm   (2706 words)

  
 Stock market crash - Biocrawler   (Site not responding. Last check: 2007-10-16)
The most famous crash in 1929, (known as Black Thursday) when the Dow Jones Industrial Average dropped 50%, preceded the Great Depression.
The FTSE lost 10.8% on that Monday and a further 12.2% the following day.
The stock market downturn of 2002 was part of a larger bear market that took the NASDAQ 75% from its highs and broader indices down 30%.
www.biocrawler.com /encyclopedia/Stock_market_crash   (278 words)

  
 Monday articles on Encyclopedia.com
Black Monday BLACK MONDAY [Black Monday] Oct. 19, 1987, in U.S. history, day of financial panic.
Labor Day LABOR DAY [Labor Day] holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer.
It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894.
www.encyclopedia.com /SearchResults.aspx?Q=Monday   (422 words)

  
 Local investment advisers doubt repeat of 1987
Following Black Monday, the market answered its short comings with the 250-point rule ­ a rule that triggered a one-hour halt in trading when the market fell 250 points ­ two hours if it fell 400 points.
Lowell, like others, doesn't see a repeat of Black Monday, at least on a percentage basis because of the safeguards that have been put in place.
(Black Monday) was a panic, an overreaction,'' he said.
www.lubbockonline.com /news/101997/5432.htm   (739 words)

  
 Monday - Search Results - ninemsn Encarta
Monday, second day of the week, derived from the Anglo-Saxon monandaeg, which means “the Moon’s day”.
Proverbs (quotations): Proverbs: Monday's child is fair of…
Monday's child is fair of face, Tuesday's child is full of grace; Wednesday's child is full of woe, Thursday's child has far to go; Friday's child...
au.encarta.msn.com /Monday.html   (105 words)

  
 Stock market panic - Black Monday (October 1987): historical context, economic impact and related links   (Site not responding. Last check: 2007-10-16)
Mirroring global trends, the TSE in 1987 had been on a steady rise for approximately five years.
Many observers now believe the panic of Black Monday simply reflected a spreading fear that the world situation was rapidly becoming unmanageable.
Following Black Monday, however, fears of a global recession passed rather quickly, as central banks moved swiftly to buoy credit conditions and the market regained confidence in the global economy.
canadianeconomy.gc.ca /english/economy/1987stock.html   (461 words)

  
 Business Library, The University of Western Ontario
On “Black Monday”, October 19,1987 the Dow Jones Industrial Average plunged over 500 points in a drop of over 20%.
See, for example, “Is Crash II on the Horizon?”, Globe and Mail, October 18, 1997,Sect.B, p.1 and “Black Monday Ushered in Brighter Future”, in the London Free Press, October 18,1997, D2.
Black Monday and the Future of Financial Markets.
www.lib.uwo.ca /business/crash87.html   (992 words)

  
 BBC NEWS | Business | Storm in the dealing rooms, storm outside
Three days later, on Monday morning, City workers struggled into town, only to watch in disbelief as one fifth of share values were wiped off stock markets around the world.
That day, 19 October 1987, came to be known as Black Monday.
Black Monday did not lead to an instant recession and did not appear to have any long-term repercussions.
news.bbc.co.uk /2/hi/business/4995536.stm   (477 words)

  
 Black Monday: The Stock Market Crash of 1987
On October 19, 1987, better known as "Black Monday," the Dow Jones industrial average collapsed by 508.32 points to close at 1,738.40, eclipsing all previous records.
Perhaps the worst effect of "Black Monday" was the fact that the collapse destroyed more than 500 billion in the equity value of U.S.stocks.
In 1987, the minimum margin was 25 percent.
www.newlearner.com /courses/hts/bec4a/ecoho16.htm   (5089 words)

  
 ABCNEWS.com Moderated Chat
The October 19, 1987 day is the single largest percentage change in market indices in approximately 31,000 days of trading data we have in the US, spanning periods of world wars, dropping nuclear bombs, collapses of major financial instutions, all sorts of very dramatic ecomonic and political events that you'd think might affect stock prices.
While it's an interesting theory that that may have been one of the triggering mechanisms for the 1987 crash, that legislation (which was tax legislation) did not actually pass.
One of the things about the 1987 crash that is hard to explain relating to that US tax legislation is that the crash was not a US phenomenon - it affected markets around the world.
schwert.ssb.rochester.edu /87marketcrash.htm   (1760 words)

  
 Butler, Assignment 1, INLS 70, UNC-CH   (Site not responding. Last check: 2007-10-16)
In October 1987, U.S. Treasury Bonds' yield to maturity was nearly 10%, roughly equivalent to the stock market's historic return [3].
Black Monday proved that these high tech programs were ahead of their time, and were implemented on Wall Street before they were well-understood [10].
On Black Monday, the panic was so extreme that there weren't enough buyers on the futures market [4].
ils.unc.edu /inls70_F98/Assn1/Butler-Report.html   (1322 words)

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