27 Years On

Yesterday was the 27th anniversary of the 1987 Crash. The Dow fell 508 points in one day, which was a loss of 22.6%. Today that would be a drop of 3,700 points.

Here’s the long-term chart. On the long view, the 1987 drop is barely a blip.

big10202014

I ran the numbers and found that the Dow has risen 7.64% annualized since the 1987 Crash, and 8.66% annualized since the day after the 1987 Crash.

October is rife with market anniversaries. This Friday is the 85th anniversary of Black Tuesday. Next Monday is the 17th anniversary of the 1997 mini-Crash. Tomorrow is the 107th anniversary of the start of the Panic of 1907.

Posted by on October 20th, 2014 at 10:36 am


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