Unlucky sevens
The financial industry has repeated the mistakes that led to the equity market crash of 1987, writes Gillian Tett
Black Monday
Resources
On October 19, 1987, key stock markets around the world lost record amounts in a single day. What lessons does Black Monday hold for the financial world today?
Limiting fallout from Black Monday
Answers to some questions on how the probable fallout from this week’s ‘Black Monday’ will affect people at the level of personal finances and ambitions
The anatomy of a crash: What the market upheavals of 1987 say about today
By studying the factors that led to Black Monday, can we predict the next crash
The day fear eclipsed greed
1987 crash worst one-day fall in history
Fed learns lesson from past
Black Monday’s lessons guide Fed to this day
The winds of change that blasted Footsie
Disruption on the LSE in 1987 was unprecedented
Related content and features
Short View special
Black Monday remembered
John Authers reports from the New York Stock Exchange on what happened in October 1987 and asks if the same could happen again
Interactive
Financial bubbles: A guide
John Calverley, author of the book, Bubbles and how to survive them and chief economist at American Express, describes key characteristics of bubbles
More stories
A wake-up call for risk management
Saskia Scholtes and Michael Mackenzie look at the range of options that have evolved to help protect portfolios against sharp losses
Memories of 1987 market crash
Chris Bryant talks to former Fed vice chairman, Manuel H. Johnson, chief executive of NYSE, John Phelan and Elaine Garzarelli, President of Garzarelli Research about the crash
October still the cruellest month
Given the historical record, little wonder investors feel foreboding as the days shorten
‘87 crash heralded birth of electronic trading
Anuj Gangahar explains how the introduction of constant connectivity has altered trading practices in the past two decades
Hong Kong’s dramatic response in 1987
Shares in Hong Kong, still a British colony, dropped 11 per cent on Black Monday, after rising 50 per cent since the beginning of 1987, writes Andrew Wood in Hong Kong
