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Crash Course: The Scariest Days in Stock Market History

Many Happy Returns

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Unraveling Black Monday

This chapter explores the historic stock market crash of Black Monday on October 19, 1987, detailing its causes and consequences. It examines the panic among investors, systemic inefficiencies, and the role of portfolio insurance in exacerbating the decline. Additionally, the chapter contrasts this event with other significant market crashes, showcasing the interconnectedness of financial markets and the impact of macroeconomic factors.

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