Oh no. A 5 percent correction. Excuse me if I think 5 percent isn't a lot to get upset about. Black Monday: Definition in Stocks, What Caused It, and Losses
Black Monday occurred on October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost 22.6% in a single day. The event marked the beginning of a global stock market decline, and Black Monday became one of the most notorious days in financial history. The S&P 500 lost even more than the Dow Jones with a 30% loss on the day.
As long as the .gov doesn't get in the way, the market will bounce back.
Does 5 percent even count as a bear market?
And be clear. The markets are not the economy.
And let's also be clear... this is what a market crash looks like.
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