Haoppy 33rd anniversary of Black Monday
Monday 19 October 1987 anniversary of the "Greenspan put"
Date October 19, 1987
Type Stock market crash
Cause
Fears of excessive speculation by the Federal Reserve
Negotiations over a tax bill that was proposed by the United States Congress
Trade deficit fears impacting the weakening of the United States dollar
Outcome
Dow Jones Industrial Average falls 508 points (22.6%), making it then highest one-day drop by percentage in the index's history
Federal Reserve provides market liquidity to meet unprecedented demands for credit
Dow Jones begins to recover in November 1987; reaches an all-time high in September 1989
NYSE institutes rule regarding trading curbs in 1988
from: Wiki (which fails to "credit" Greenspan enough)