Investor Glossary-crash of 1987Investor Glossary-crash of 1987Investor Glossary-crash of 1987Investor Glossary-crash of 1987Insightful stock market charts - Click here
investor
  Categories      # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z  
Term of the Day Email this Definition Link to this Definition

Crash Of 1987

FYI - For 2011, Dow up, Dogs of the Dow up more (double digits)
 

The Crash of 1987, Black Monday, took place on October 19, 1987. During the Crash of 1987, the Dow lost 22% of its value in one day. Shareholders could not reach their brokers, brokers could not supply prices and computers were overloaded. The Crash of 1987 dwarfed the infamous Black Thursday of 1929. However, unlike the 1929 crash, the Crash of 1987 was short-lived. It took three years, not 35, for the Dow to recover to levels seen prior to the Crash of 1987. To prevent another Crash of 1987, the New York Stock Exchange installed circuit breakers to curb trading during periods of high volatility. Economists cite numerous reasons for the Crash of 1987, including increasing interest rates, high price-earnings ratios, trade and budget deficits, and program trading.



Rate this Crash of 1987 definition...



Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: option premium, deferred revenue, annual return, per diem, inflation, 144a, Zero Cost Collar, current ratio, 1035 exchange, labor relations, retained earnings, 401a, liquidity ratio, irrevocable trust, Key Rate Duration, risk management, debt service coverage, balance sheet, deferred tax, quality assurance, dividends payable, class C shares, ex-dividend date, stock split, ex-dividend, 1031 exchange, command economy, reverse mortgage, stock market close, EBITDA, margin rate, LIBOR, required rate of return, FICO score, VIX, limit order, APR, minority interest, open position, implied volatility, average price per share, phantom income, FTSE, real GDP, diluted share, wholly-owned subsidiary, in escrow, cancelled check, covered put


Home | Term of the Day | Suggest a Term
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Chart of the Day | Dogs of the Dow | Art of the Home
©2004-2012 Investor Glossary - All rights reserved - Terms of Use