SOON it will be October and the month can make any stock investor sweat. Well-known is the 1929 meltdown on Wall Street that started on Thursday, October 24, and reached its zenith the following Tuesday, October 29.

My first professional experience with a stock market crash was in 1987. On "Black Monday," October 19, the Dow Jones stock index famously dropped 22.61 percent. Very interestingly, the second-largest single-day drop ever in the Dow, which was on March 16, 2020, with a loss of 12.93 percent, can be attributed to the Covid-19 pandemic. For the sake of completeness, back in 1929, the total loss on the 28th and 29th of October was 24.55 percent.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details