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M*: What Black Monday Taught Us: 10/19/87

FYI: The U.S. stock market has provided four out-of-body experiences during the past half century:

The 1973-74 bear market;
Black Monday;
The New Era's rise and fall;
The 2008 financial crisis.

In each instance, the markets took over the broadcast news. It's not normal for investments to own the headlines. They are customarily treated as ancillary dispatches, along with the traffic, sports, and weather, rather than as items that affect the entire nation. But on occasion, stocks force their way to the forefront. When that happens, everybody cares how the Dow Jones finishes on the day.
Regards,
Ted
https://www.morningstar.com/articles/830630/what-black-monday-taught-us
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