can anyone tell me about black monday in the stock market i would like for it to be someone that has something to do with the markets cause this something i would like to know in great detail.. thank you for your help with this
2006-06-13 14:21:42 · 4 answers · asked by wounderwoman44 3 in Business & Finance ➔ Other - Business & Finance
heres some info from wikipedia.
http://en.wikipedia.org/wiki/Black_Monday_%281987%29
2006-06-13 14:25:07 · answer #1 · answered by kit123@ameritech.net 1 · 0⤊ 1⤋
black monday was referred to a day in 2004 when on a monday, the indian stock market crashed heavily, due to which it had to take an unusual break. The same followed in 2006 on a monday, and later thursday and friday. This time it was called black week instead of black monday.
In short, a great fall due to which investors lose money!
2006-06-13 17:47:01 · answer #2 · answered by Oye chak de phatte!! 5 · 0⤊ 0⤋
now such a big drop of of market in one day is in check by using "curbs in" so it would take say 2-3 days for such big drop
2006-06-13 14:53:02 · answer #3 · answered by posiblyoptimistic 1 · 0⤊ 0⤋
my investments professor was working that day and he claimed it was madness. after awhile, the stop-loss triggers were on autopilot, and there was nothing people could really do besides watch.
2006-06-13 15:08:58 · answer #4 · answered by justaguy114 1 · 0⤊ 0⤋