Interestingly enough, the cause of the massive drop cannot be attributed to any single news event because no major news event was released on the weekend preceding the crash. While there are many theories that attempt to explain why the crash happened, most agree that mass panic caused the crash to escalate.
Since Black Monday, a number of protective mechanisms have been built into the market to prevent panic selling, such as trading curbs and circuit breakers.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Black Monday — may refer to:* Black Monday, Dublin, 1209 ndash; when a group of 500 recently arrived settlers from Bristol were massacred by warriors of the Gaelic O Byrne clan. The group had left the safety of the walled city of Dublin to celebrate Easter… … Wikipedia
Black Monday — Black Mon day 1. Easter Monday, so called from the severity of that day in 1360, which was so unusual that many of Edward III. s soldiers, then before Paris, died from the cold. Stow. [1913 Webster] Then it was not for nothing that my nose fell a … The Collaborative International Dictionary of English
Black Monday — est une mixtape du rappeur américain The Game. Liste des titres 01 A New Day 02 Keep My Name Out Ya Mouth ft Kam, Yung Bruh 03 Not Gunna ft Paul Wall, Trae 04 6 Million Ways 05 Get Up ft DJ Quik, AMG 06 The Ghetto 07 On And On ft Queenie 08 My… … Wikipédia en Français
Black Monday — Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage… … Financial and business terms
black monday — noun Usage: usually capitalized B&M Etymology: Middle English blak Monunday obsolete : easter monday * * * Black Monday [Black Monday] … Useful english dictionary
Black Monday — Either of the two Mondays on which the two largest stock market crashes of the 20th century occurred. The original Wall Street crash occurred on Monday, 28 October 1929, when the Dow Jones Industrial Average fell by 13%. On Monday, 19 October… … Big dictionary of business and management
Black Monday — October 19, 1987, when the DOW JONES INDUSTRIAL AVERAGE fell 508 points, or over 20 percent. ► “Hybrid funds suffered the least on Black Monday. It was mostly a stock market crash.” (Financial World, March 1, 1994, p. 60) … American business jargon
Black Monday — Black Mon|day 1.) Monday, 19 October 1987, the day on which ↑share prices on the ↑stock exchange suddenly fell by a large amount, and many people lost a lot of money 2.) Monday, 28 October 1929, the day on which share prices on the Stock Exchange … Dictionary of contemporary English
Black Monday — Monday 19 October 1987, when prices on stock exchanges all over the world suddenly began to fall. Over the next four days, for example, the Financial Times Index in London fell by 25%, and the Dow Jones Index in New York fell by 33%. See also… … Universalium
BLACK MONDAY — Easter Monday in 1351, remarkable for the extreme darkness that prevailed, and an intense cold, under which many died … The Nuttall Encyclopaedia