Thirty years ago today, “Black Monday” wiped out over 1/5 of DJIA in one day and it happened under very familiar circumstances

Black Monday, dubbed as the worse day for the stocks in modern financial history, led to a 22.6% drop in Dow Jones Industrial Average in one single day. Potential reasons for this to happen were a slowdown in the US economy, falling oil prices and the tension between the US and Iran (sounds familiar?). Another reason (and a more logical one) was that the whole thing was the result of the so-called “computer trading” that had conditions to buy and sell stocks and we all know what happens when stocks start to go down!

For a more in-depth look at what happened read this article.

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