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Yesterday was the 37th anniversary of the 1987 stock market crash. It was the worst day the American stock market has ever experienced. Our markets remain influenced by that crash in important ways. I enjoyed writing about it and think you will enjoy reading about it. https://t.co/GldHF1yXUd
Reflecting on the ‘87 crash, 37 years ago. The VXO (old VIX constructed on OEX) closed at 36.4 on 10/16/87 and surged to 150 on 10/19/87. Sheesh ! Here’s a little table that classifies risk-off events with respect to stock and bond returns and correlation. I think there’s a… https://t.co/U8cZMGf9z8
1987 Stock Market Crash: Empire Carpet Man Remembers https://t.co/vL2Wr2XeQk
On October 19, 2024, the financial community marked the 37th anniversary of the 1987 stock market crash, often referred to as Black Monday. The crash, which occurred on October 19, 1987, remains a significant event in market history, noted for its unprecedented volatility. On that day, the VXO, an early version of the VIX index, closed at 36.4 before soaring to 150, reflecting extreme market fear. Analysts and commentators have revisited the crash's causes and its lasting impact on market dynamics. One expert emphasized that despite past downturns, stocks have historically rebounded to new highs, suggesting a similar recovery could occur in the future. The anniversary has prompted discussions about the ongoing influence of the crash on current market behavior.
