Back to Black Monday?

Commentators look back 20 years to identify similarities in recent market corrections

As the 20-year anniversary of Black Monday passes, several commentators have highlighted similarities between the infamous crash of 1987 and the recent market corrections. Despite this, however, most agree a commemorative dip is unlikely. Falls in the markets on 19 October 1987 were the largest one-day percentage decline in stock-market history. They spread across the world, and preceded the property crash and recession of the early 1990s, bringing an end to a bull run that had begun earlier in the decade. There have been many disputes over the precise cause of the crash, but factors inc...