Twenty-five years on from the market crash known as 'Black Monday', 7IM founder Justin Urquhart Stewart recalls that dramatic day and asks if we are now facing a 'Red October'.
October has always been the month most associated with slumps and crashes, and this year we see the 25th anniversary of an especially notorious event which shook the complacency of the financial world. For those with very long memories, it is also the 105th anniversary of the 1907 Panic when the gloriously named Knickerbocker Trust collapsed, along with a run on the banks which was finally halted by the famed John Pierpont Morgan (or JP Morgan to you and I). Additionally, if you needed any further confirmation of the fears of the Red October, then just a few days after the pain of Bla...
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