Stocks Analysis by Investing.com (Ismael De La Cruz) covering: FTSE 100, S&P 500, CAC 40, Dow Jones Industrial Average. Read Investing.com (Ismael De La Cruz)'s latest article on Investing.com
Thursday, October 19, marked the 36th anniversary of the infamous 1987 crash, a day etched into the annals of financial history as Black Monday.skyrocketed from 776 to 2,722 points, including a remarkable 44% surge in the first eight months of 1987 alone. This eerily prescient statement was uttered by economist John Kenneth Galbraith in an article in The Atlantic back in January 1987:Little did he know that his words would soon be realized.
The disaster spared no one. Warren Buffett lost $347 million, Bill Gates lost $255 million, and the family of Sam Walton, the founder of Walmart . Bearish sentiment, i.e., expectations that stock prices will fall in the next six months, fell 5.1 percentage points to 36.5%. Pessimism remains above its historical average of 31%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We’re investing $800M, bringing high-paying jobs and want to help cancer patientsBeiGene says they're also exploring ways to partner with local organizations, educational institutions and the cancer advocacy community.
Read more »
Dollar Tree Rakes in the Green; Yum! Brands EPS in Peril: Street Calls of the WeekStocks Analysis by Investing.com (Garrett Cook) covering: Yum! Brands Inc, Nike Inc, Dollar Tree Inc, Yum! Brands Inc. Read Investing.com (Garrett Cook)'s latest article on Investing.com
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Meta Platforms, SnapStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, US Small Cap 2000. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Commodities Week Ahead: Oil, Gold to Swing on Twists and Turns of Middle East WarCommodities Analysis by Investing.com (Barani Krishnan) covering: XAU/USD, Gold Futures, Brent Oil Futures, Crude Oil WTI Futures. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Read more »
Less home for more money: Home prices rise as buyers swallow higher interest ratesEven with interest rates at their highest level in 23 years, undeterred buyers are scrambling over a limited number of prices on the market, pushing up prices.
Read more »