Why is it, when the economy is down, it is known as Black Monday?

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Why is it, when the economy is down, it is known as Black Monday?

2006-07-29 02:03:13 · 2 answers · asked by Ya-sai 7 in Business & Finance ➔ Other - Business & Finance

2 answers

When the stock market crashed October 29, 1929, it was called Black Thursday. It signaled the start of the Great Depression when everyone was broke. Subsequently, everyday after Black Thursday was called Black because the stock market just kept getting worse and worse.

2006-07-29 02:09:28 · answer #1 · answered by Justin 4 · 0⤊ 0⤋

To expand on Justin's very good answer, its called Black Monday when the market reacts to bad news/events over the weekend.

2006-07-29 02:18:32 · answer #2 · answered by wyntre_2000 5 · 0⤊ 0⤋