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Remembering The Crash
New York Stock ExchangeOctober 19, 1987. The Dow Industrials’ 508-point plunge seemed like the end of the party back then, but it wasn’t long before the market rally was back in gear and the irrational exuberance of the go-go 90s arrived.

So 20 years and some 12,000 points later, we asked people from Wall Street to Washington – and our readers, of course – to help us relive that day and put it into perspective.
 

FEATURES

 

Current DateTime: 11:55:45 22 Nov 2008
LinksList Documentid: 21253967
  • Can It Happen Again?

      Pretty much regardless of whom you ask -- economists, statistical theorists, Wall Street veterans -- the answer is: Yes, Black Monday can happen again. That answer, however, is not as black and white as it may seem.

  • Tale of The Tape: The Crashes of 1987 And 1929

      Sure they both happened in October and were case studies in fear and panic. The big difference is that investors lost their shirts in 1929, while in 1987 it was more like misplacing your wallet for about a year.

  • Players Replay The Crash

      Top market theorists, economists, authors, money managers, Wall Street executives and a key Congressman share their thoughts on what happened  and what's different today.

  • In Your Words

      Whether it was timing the market from prison, dealing with panicky investors at work or losing a fortune,  readers recall  how the crash affected their lives and  balance sheets.

  • Rep. Edward Markey's Pre-Crash Letters to the SEC Chairman

      The warning signs were clear to one key member of Congress who wanted the agency to look into the increasingly volatile and worrisome market in early October.

  • Charting the Dow in 1987: Eight Months of Gains, One Month of Pain

      The Dow surged on the first trading day of 1987 and kept climbing until its August peak. September was a non event. October was a month for the ages. Chart the rise and fall.

  • Need To Know: Related Links

      Check out these studies and histories of the crash and learn about physics and the crash, the psychology of investing and market confidence indices.


 

VIDEO

 

Current DateTime: 11:46:51 22 Nov 2008
LinksList Documentid: 21254662
  • October '87: Crash & Comeback (hosted by Maria Bartiromo)

      It was the biggest stock market crash in the nation's history. CNBC's original production looks back at the historic day through the eyes of the people who lived through "Black Monday".

  • As It Happened: Market Timeline

      Follow NBC Nightly News with Tom Brokaw as the program tracks the stock in the days leading up to the crash on October 19 and the volatile days thereafter as the market struggled to stage a comeback.

  • Reporter's Notebook: Covering The Crash of '87

      It's hard to believe but CNBC did not exist at the time., but  CNBC veterans Bill Griffeth, Sue Herera and Ron Insana, then at FNN,  covered the event. Here's how they remember it.

  • Special Report: Ten Years After The Crash 

      Twenty years after the crash of 1987, the market is at or near a record high. Such was also the case in 1997 on the the 10-year anniversary of the crash.  Here's how CNBC saw it then.

  • Wall Street: Then And Now

      Many are quick to say that when it comes to investing little has changed since the crash.  Twenty years later, however, Wall Street and the securities business are quite a bit different.



Crash of 87
CNBC's original production looks back at the historic day through the eyes of the people who lived through "Black Monday".

Current DateTime: 11:55:45 22 Nov 2008
LinksList Documentid: 21266696


Current DateTime: 11:54:15 22 Nov 2008
LinksList Documentid: 20772494
Expiration DateTime: 11/22/2008 11:57:14 AM
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