Don Cheadle
Maurice "Mo" Monroe
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Black Monday is a TV series that follows a group of outsiders who caused the worst stock market crash in Wall Street history in 1987. The series stars Don Cheadle, Andrew Rannells, Regina Hall and others, and is nominated for two Primetime Emmys.
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- 2 min
- TV-MA
- 71
- What Was Black Monday?
- Causes of Black Monday
- Aftermath of Black Monday
- Can It Happen Again?
- Lessons from Black Monday and Other Market Crashes
- Other Black Mondays
- The Bottom Line
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Black Monday occurred on Oct. 19, 1987, when the Dow Jones Industrial Average(DJIA) lost almost 22% in a single day. The event marked the beginning of a global stock market decline, and Black Monday became one of the most notorious days in financial history. By the end of the month, most of the major exchanges had dropped more than 20%. Economists ...
The cause of the massive stock market dropcannot be attributed to any single news event since no major news event was released the weekend preceding the crash. However, several events coalesced to create an atmosphere of panic among investors. 1. A strong bull market overdue for a correction:One of the main factors that drove the Black Monday crash...
Following the crash, the Federal Reserve slashed interest rates by half a percentage point, hoping to free up capital and encourage more lending. It also injected billions of dollars into the economy through quantitative easing. Regulators introduced new protective mechanisms to prevent flash crashes due to program trading. Circuit breakers were in...
Since Black Monday, a number of protective mechanisms have been built into the market to prevent panic selling, such as trading curbs and circuit breakers. However, high-frequency trading (HFT) algorithms driven by supercomputers move massive volumes in just milliseconds, which increases volatility. The 2010 Flash Crash was the result of HFT gone a...
A market crash of any duration is temporary. Many of the steepest market rallieshave occurred immediately following a sudden crash. The steep market declines in August 2015 and January 2016 were both roughly 10% drops, but the market fully recovered and rallied to new or near new highs in the following months.
While the term "Black Monday" is most commonly applied to the stock market crash of 1987, it can also be applied to any other sudden, one-day drop in prices on the first day of the week. The first Black Monday was on Oct. 28, 1929, just after the beginning of the crash that ultimately resulted in the Great Depression. On that day, stocks fell by 12...
Black Monday refers to the catastrophic worldwide stock market crash on Oct. 19, 1987, when the DJIA fell 508 points, or 22.6%, in a single day. It remains the largest one-day decline ever. Other major stock markets saw similarly huge declines. Stock markets quickly recovered a majority of their Black Monday losses. In just two trading sessions, th...
Black Monday was the stock market crash that occurred on Oct. 19, 1987, when the Dow Jones Industrial Average lost almost 22% in a single day. The crash was caused by a combination of geopolitical events, program trading, and mass panic. Learn how it happened, what caused it, and how to deal with it.
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [2] The severity of the crash sparked fears of extended economic instability [3] or even a ...
- October 19, 1987
Black Monday is an American historical dark comedy television series created by Jordan Cahan and David Caspe that premiered on January 20, 2019, on Showtime.The series stars Don Cheadle, Andrew Rannells, Regina Hall, Casey Wilson, and Paul Scheer, and follows the employees of second-tier Wall Street trading firm the Jammer Group during the year leading up to "Black Monday", the day when ...
- 30
- January 20, 2019 –, August 1, 2021
- 3
- Showtime
Apr 9, 2024 · Despite the ravages of Black Monday, the Dow Jones ended 1987 with a small increase. On January 2, 1987, it stood at 1,897 points and rose to 1,939 by December 31, 1987. In between, however, it had reached a dizzying 2,722-point peak in late August—a figure not attained again until 1989. Fid Backhouse and others.
Nov 22, 2013 · The first global financial crisis in the 20th century unfolded on October 19, 1987, known as "Black Monday", when the Dow Jones Industrial Average dropped 22.6 percent. The Fed's response set a precedent for liquidity provision and market stabilization. Learn about the causes, events, and reforms of this historic episode.
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