Page 9 - IP2A 012 Black Monday

then, the markets had shed 89%,

falling to their lowest levels in all

of the 20th century. The Great

Depression was in full force.

In fact, markets did not return

The following day, Black to their previous highs again

Tuesday, was no better – another until 1954, nine years after the

12% drop in share values. Second World War. Interestingly,

Markets remained volatile Mondays in October seem to

for some time after that, in a be a bad omen day for the stock

steady decline that finally hit market. Another Black Monday

rock bottom on July 8, 1932. By occurred on October 19, 1987.