The 1987 Stock Market Crash

The 1987 Stock Market Crash—known as Black Monday—stands as a defining moment in financial history, marked by a single-day decline of over 22% in the Dow Jones Industrial Average. This episode unpacks the forces that set the stage for such an unprecedented event, from the exuberance of the 1980s bull market to the rapid proliferation of portfolio insurance. Parallels to today’s market environment highlight both new risks and reassuring differences, reinforcing the value of a long-term perspective. Join Dr. David Kelly, Chief Global Strategist, and Diago Mosqueira, Research Analyst, as they revisit Black Monday and share insights for navigating today’s complex markets. Watch the video version on YouTube. Subscribe to the Notes on the Week Ahead podcast for more insights from Dr. David Kelly: Apple Podcasts | Spotify