flash on Nostr: ⚡️💬 REMINDER - Black Monday 1987: What Happened and Why It Mattered? On ...
⚡️💬 REMINDER - Black Monday 1987: What Happened and Why It Mattered?
On October 19, 1987, the Dow Jones crashed 22.6% — the largest single-day drop in U.S. history.
The panic quickly spread worldwide, hitting markets in Europe, Asia, and Australia.
Why It Crashed:
• Program Trading: Automated sell orders triggered a market freefall.
• Economic Fears: Rising inflation, trade deficits, and slowing growth spooked investors.
• Currency Turmoil: Confusion over U.S. dollar stabilization deals added uncertainty.
• Overvaluation: Markets had surged since 1982 — many saw a correction coming.
Aftermath:
• Central banks pumped liquidity to calm markets.
• U.S. stocks rebounded faster than expected.
• Circuit breakers were introduced to prevent future meltdowns.
Published at
2025-04-07 08:08:31Event JSON
{
"id": "a8facc504f2c73849a9c8247ccca312be9cdb9ec2b921cb7d6532c93c1649dc9",
"pubkey": "4d7842051782e0d3feb034d150adc2b6bae4ee3b49786793bffa468b6f5b96b3",
"created_at": 1744013311,
"kind": 1,
"tags": [],
"content": "⚡️💬 REMINDER - Black Monday 1987: What Happened and Why It Mattered?\n\nOn October 19, 1987, the Dow Jones crashed 22.6% — the largest single-day drop in U.S. history. \n\nThe panic quickly spread worldwide, hitting markets in Europe, Asia, and Australia.\n\nWhy It Crashed:\n• Program Trading: Automated sell orders triggered a market freefall.\n• Economic Fears: Rising inflation, trade deficits, and slowing growth spooked investors.\n• Currency Turmoil: Confusion over U.S. dollar stabilization deals added uncertainty.\n• Overvaluation: Markets had surged since 1982 — many saw a correction coming.\n\nAftermath:\n• Central banks pumped liquidity to calm markets.\n• U.S. stocks rebounded faster than expected.\n• Circuit breakers were introduced to prevent future meltdowns.\nhttps://m.primal.net/QHGM.jpg",
"sig": "165419f77ec29773445511d32473afebd4c16043a67b696f7a9032e5603fd7e9f2d0e2e20617d381fee2baa7e71b2773aaabf84e1628d3c16199ae48a27ffd00"
}
