Twenty five years ago on October 19, 1987, the Dow Industrial Average fell 508 points. That’s a 22.6% drop, the biggest one day drop in history. That day is known as Black Monday. It took two years for the market to fully recover, and by September 1989 the Dow was back to pre-Black Monday levels.
The same percentage drop today would mean the Dow would be down more than 3,000 points.
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