Great Financial Crises, Part 8: Black Monday (1987)
On 19 October 1987, US stocks fell 22.6% in a single day, the biggest one-day percentage drop in Dow history. Yet no recession followed. Here is why.
On 19 October 1987, US stocks fell 22.6% in a single day, the biggest one-day percentage drop in Dow history. Yet no recession followed. Here is why.