Report of the Presidential Task Force on Market Mechanisms Audiobook Libro.fm

Description

From the close of trading on Tuesday October 13 1987 to the close of trading on October 19 1987 the Dow Jones Industrial Average Dow fell 769 points or 31 percent On October 19 1987 alone the Dow fell by 508 points or 226 percent Since the early 1920s only the drop of 128 percent in the Dow on October 28 1929 and the fall of 117 percent the following day which together constituted the Crash of 1929 approached the October 19 decline in magnitude The events of October demonstrated an unusual frailty in the markets Only 3 percent of the total shares of publicly traded stock in the US changed hands during this period but it resulted in the loss in stock value of 1 trillion 2239 trillion 2019 equivalent