Precisely 30 years ago today, on Oct. 19, 1987, stock markets around the world suffered one of their worst days ever, in what became known as Black Monday. What Caused the Black Monday Crash? Can't wait for more. The majority of investors who were selling did not even know why they were selling except for the fact that “everyone else was selling.” This emotionally-charged behavior is one of the main reasons that the stock market crashed so dramatically. We get a glimpse into Mo's past, while Blair and Dawn pursue some necessary detective work. ), Reviewed in the United States on January 12, 2019. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. This bull market had been fueled by low interest rates, hostile takeovers, leveraged buyouts and merger mania. “Microcomputers” now known as personal computers were become a fast growing industry. // ]]>, Powered by WordPress and HeatMap AdAptive Theme, The Post-2009 Northern & Western European Housing Bubble, The Dutch “Tulip Mania” Bubble (1634-1637), The British “Railway Mania” Bubble (1844-1846), Black Monday – the Stock Market Crash of 1987. Wide-eyed Blair is thrust into the insane world of '80s Wall Street. A Hollywood screenwriter shadows Mo at the office as Mo and Dawn fight over her desire to be made a partner. On analysis of Black Monday 1987 events, many regulators and economists came up with the primary reasons that contributed to the market crash. Travel back to October 19, 1987—aka Black Monday, the worst stock market crash in the history of Wall Street. After the October 19th plunge, many futures and stock exchanges were shut down for a day. It occurred in late October 1987 over several days and affected stock markets universally. Great acting and just a good watch even if you don’t know about the markets, Reviewed in the United States on December 30, 2018. Adult Content, Graphic Language, Nudity, Viewer Discretion Advised. What everyone forgets about 1987 is that the week of Black Monday was the end of the move, not the beginning of the move. Cheadle at the top of his game, and that's a high bar. By the end of October, stock markets in Australia had fallen by 41.8%, Hong Kong 45.8% and the United Kingdom 26.4%. Black Monday is described as taking the audience "back to October 19, 1987 – aka Black Monday, the worst stock market crash in Wall Street history. Many companies were scrambling to raise capital to buy each other out. To this day, no one knows who caused it — until now. Thursday marks the 30th anniversary of Black Monday, and I remember the day vividly. This website is intended for viewing solely in the United States and its territories and possessions. IPOs were also becoming a commonplace driver of market excitement. Reviewed in the United States on January 22, 2019. Black Monday is described as taking the audience "back to October 19, 1987 – aka Black Monday, the worst stock market crash in Wall Street history. Privacy Policy | Terms of Use | Closed Captioning | Mobile User Agreement, California Privacy/Info We Collect | CA Do Not Sell My Info. Many market analysts theorize that the Black Monday crash of 1987 was largely driven simply by a strong bull market that was overdue for a major correction.