Black Monday – Part III

The first true Black Monday occurred at the beginning of the Stock Market Crash of 1929. The second one occured some 21 years ago, in 1987. Today, could arguably be coined Black Monday – Part III, however, it doesn’t even compare to the one day loss of 23% in 1987 or the lesser one day loss in 1929. How long did recovery for the two prior Mondays take?  Actually, the 1987 stock market ended the year higher even though they had such an anomally. The 1929 crash however, took much longer to recuperate from, in fact, nearly 25 years.

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