Monday, black (black Monday)

Unless otherwise defined, Monday, October 19, 1987. On this day, the sharpest global price drop in (recent) financial history occurred; stock prices plunged more than twenty percent (the black Monday refers to Monday October 19, 1987 when stock market values around the world fell heavily triggered by a large fall in U.S. share prices. On Black Monday, the Dow Jones Industrial Average lost 22.6 percent). – The crash started in Hong Kong and spread through all international time zones. Despite a great deal of research, there is still no convincing rational explanation for this event. – In the U.S., stock prices fell by about ten percent also on Monday, October 17, 2001, after the stock exchanges remained closed until then because of the Islamic terrorist attack on the World Trade Centre on September 11, 2001. – See Friday-13Anomaly, Halloween Rule, January Effect, Calendar Effect, Monday Effect, Sell-in-MayEffect, Friday, Black, Small-Cap Effect, Christmas Boom.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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