1987. October 19 was Black Monday: in a contagion of selling exacerbated by unchecked computer technology, the Dow lost 22.6% in one day, falling to 1,738, a 508-point loss. - The S&P 500 lost 20.4%.8 By comparison, the initial “Black Monday”, the stock market crash of 1929, represented a 12.8% market loss.9
Then the recovery kicked in. During the next two trading days, the Dow gained nearly 300 points – and it closed 1987 at 1,939, gaining back all of the loss and ending up 2% for the year. By January 1990, the DJIA was at 2,800.11
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My note: after the crash the Dow fell to 1738...by January 1990..2 years, 2 months and about 10 day later...the Dow had risen to 2800. That is approximately 66% up (give or take some) from the bottom of the crash.
If our current economy remains strong and employment almost full (as it is now) there is likely to be a full recovery...but anything can happen. There has been a very strong upturn in the last couple of years, and there could be correction period..but I sure don't know what is going to happen.
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