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Black Monday: The Worst Stock Market Crash In History

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Black Monday: The Worst Stock Market Crash In History
Black Monday On Monday, October 19, 1987, the Dow Jones Industrial Average (DJIA) fell dramatically 508.32 and closed at a record-breaking low of 1738.40 points. This date known to the world as "Black Monday" and is documented as the worst stock market crash in history. There are several factors which affect the stock market crash in 1987. However, the popular explanation for the crash is the selling of program trader, portfolio insurance and the great storm of 1987. Program trading is the use of computers in stock market to engage in arbitrage and portfolio insurance strategies. Through the 1970s and early 1980s, computers were becoming more important. As a result, the market was being controlled more and set prices by computers rather
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