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3min chapter
From Blackjack to Black Monday
Risk of Ruin
Introduction
On October 19, 1987 the Dow Jones lost 22% in a single day. It followed a week where the market had already lost 10%. Since the market hit a high of 2,722 last August, it has lost 17.5% of its value. More and more analysts believe that the bear market is here to stay.
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