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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Black Monday

Black Monday stories: 2 news summaries

Dow Dives 367 on 'Black Friday'

Oct 19, 07 3:49 PM CDT
(Newser) - Wall Street observed the 20th anniversary of Black Monday with an absolute bloodbath today as the Dow fell a whopping 366.94 points to close at 13,522.02. Wachovia, Caterpillar, and Honeywell led a host of disappointing earnings reports, driving every major index down over 2.5%. The S&... More »

MORE ABOUT:
stock market • New York Stock Exchange • Dow Jones • Wachovia • Nasdaq • Caterpillar • mortgage backed securities • Black Monday • S&P 500

Can 1987's
Black Monday Happen Again?

Not likely, but credit crunch proves we can invent new screw-ups

Oct 16, 07 7:49 PM CDT
(Newser) - Twenty years ago, Black Monday—now, the credit crunch. Haven’t we learned a thing? Yes and no, says MSNBC: Today, "circuit breakers" make a 1987-style sell-off unlikely by cutting off trading at certain limits. And new, tighter mortgage standards will keep credit under control. But greed and fear... More »

MORE ABOUT:
stock market • Dow Jones • hedge fund • Black Monday • panic • Gordon Gekko

2 Stories


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