The Traderszone Network

Published in TZ Latest News 15 July, 2014 by The TZ Newswire Staff

How The Stock Market Topped In October 1987

Apologies to T.S. Eliot, but October has historically been the cruelest month — in the market. Since 1929, the Roman Calendar’s eighth month has seen some of the market’s most brutal sell-offs. That was true in 1987, when global markets fell like dominoes, starting in Hong Kong mid-month and ending with the Dow Jones industrial average. The Dow swooned 23% and the S&P 500 20% on the 19th, commonly called Black Monday.

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