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Are Global Markets Waiting for another Black Monday?

Are Global Markets Waiting for another Black Monday?

“Black Monday” refers to the stock market crash on Monday, October 19, 1987. The crash was pre-empted by investors’ fears that the broader market (VTI) was entering a bear market cycle and concerns about slowing economic growth. Other negative global factors also played a role in the crash. On Black Monday, the S&P 500 saw (SPY)(QQQ) about 20.5% value erosion in a single day.