Market Would Drop By 8,000 In A “Black Monday” Sell Off

On October 19, 1987, the Dow Jones Industrial Average fell 22.6%, a record based on a percentage sell-off in the market’s history. It plunged 508 points to 1,738. A similar drop today would shave 8,000 points off the DJIA. The early market carnage in 1987 looked something like this last Thursday…