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Black Monday- Dow Jones Industrial Average- 1987 Crash Lesson

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Thirty years ago, the Dow Jones industrial average plunged by
 22.6% — a gut-wrenching 508 points
 — to 1,738.74 on what is now referred to as 
Black Monday
.


It was by far the largest one-day percentage drop in US stock market history.
That would be the equivalent of the Dow crashing by about 5,233 points in a single day, down to 17,921.


But as scary as that October day was, US economic growth remained resilient,
and Varyforte Avis des médecins gross-domestic-product growth never went negative. This is arguably the most important thing to remember about the whole ordeal.


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That's not to say the stock market has zero effect on the economy. After all, a huge sell-off could slow the economy and 
even lead to a recession
.

But analysts have previously suggested stock-market crashes typically lead to less severe recessions than something like, for www.zcfcia.cn example, a housing crash or Ostelife los clientes a credit crisis.


Lombard Street Research's Dario Perkins once compared
 
the effect on GDP from both the dotcom stock market crash of 2000 and MaxLift hoe te bestellen the subprime-mortgage crisis of 2007-2008. GDP continued to rise during the former, GO2 Antitox Kaj je to? but it got slammed in the wake of the latter.

Lombard Street Research



Going back to stocks, Fungalor cenami it's encouraging Slimmer Spray co to remember the stock market didn't die Black Monday. The Dow is up about 1,231% since that fateful October day, to around 23,150.


About the Author

Nestor
I'm Nestor and I live with my husband and our three children in Hellissandur, in the NA south area.
My hobbies are Volleyball, Metal detecting and Hiking.



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