25 Year Anniversary of Black Monday
Today is 25 years to the day since Black Monday, when the DJIA crashed 508 points, or nearly 23%. The collapse sparked fears of another depression, although a recession didn't come for two years and was relatively mild. An Investment in the S&P 500 in January of 1987 of $10,000 would have been worth $108,450 today. Sitting tight during Black Monday and all other subsequent market adversities would have paid off.
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