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%.
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