Saturday, October 20, 2012

Revisiting Black Monday After 25 Years

Yesterday marked the 25th anniversary of Black Monday (October 19, 1987), when world stock markets plunged and the Dow Jones Industrial Average fell by 22% in a single day. Nightly Business Report has posted the video of that night's broadcast on their website. It provides a fascinating historical look at what happened that day and how people reacted.
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4 comments:

  1. Average Dividend YieldOctober 21, 2012 at 1:53 PM

    Hi DGM,

    I've been visiting your site for some time now and enjoy reading your posts. I am starting an investment blog and would like your permission to add you in my blogroll. Also, seeing as it is so well written, I would like to copy your disclaimer, giving you credit in the process.

    Thanks

    ReplyDelete
    Replies
    1. Dividend Growth MachineOctober 21, 2012 at 2:43 PM

      Average Dividend Yield: Thanks for your comment. You have my permission to add me to your blogroll and use my disclaimer. Best wishes with your blog!

      Delete
  2. Compounding IncomeOctober 23, 2012 at 7:49 AM

    Haha thanks for the link. I was just a youngster when that happened, but it had to of been scary. I should ask my dad about it sometime.


    I see 30 year treasury bonds were paying around 10% and still traded with fractions! I want to lock in rates like that!

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    Replies
    1. Dividend Growth MachineOctober 23, 2012 at 8:33 AM

      Compounding Income: I was also a youngster at the time; it's too bad my 5-year-old self didn't have the good sense to break open my piggy bank and buy some of the stocks on sale. :)

      Delete

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