Black Monday for Today’s Investor
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 19 October 2017
⏱️ 19 minutes
🧾️ Download transcript
Summary
On this date thirty years ago, the Dow recorded its biggest one-day percentage decline in history. On today’s episode, analysts Matt Argersinger and Ron Gross talk about Black Monday’s lessons for investors and weigh in on earnings news from eBay, United Continental, and Blue Apron. Thanks to Harry’s for supporting The Motley Fool. Get your Free Trial Set – go to Harrys.com/Fool.
Transcript
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| 0:00.0 | Thanks to Harries for supporting this episode of Market Foolery. |
| 0:03.0 | Get your free trial set including a razor handle, five blade cartridge, and shave gel. |
| 0:08.0 | Go to Harries.com slash Fool. |
| 0:12.0 | It's Thursday, October 19th. |
| 0:14.0 | Welcome to Market Foolery. |
| 0:15.0 | I'm Matt Greer and joining me in studio, we've got Ron Gross from Motley Fool's Total |
| 0:20.0 | Income and Matt Argeringer from a million dollar portfolio guys hey hey happy |
| 0:26.3 | 30th anniversary of black Monday oh happy okay all right that's what |
| 0:30.8 | it's what you put it melancholy just kind of watched over me. |
| 0:34.0 | The single worst percentage day in stock market history |
| 0:38.0 | and I want to talk about that in a minute. |
| 0:40.0 | But I also want to talk eBay, Airlines, and Blue Apron. |
| 0:45.0 | Wolf. |
| 0:46.0 | It's a woof kind of a day. |
| 0:49.0 | It is a woof kind of a day. |
| 0:50.0 | So let's start with Black Monday. |
| 0:52.0 | Today is the 30th anniversary. |
| 0:54.0 | October 19th, 1987, the single worst percentage drop in stock market history. The Dow |
| 1:00.0 | fell 50 2008 points more than twenty two percent if you put that in today's |
| 1:05.2 | terms that would be around a fifty two hundred point drop in the Dow. |
| 1:09.7 | Ron yeah you were around I was I was around. I was around. Yeah, I was I was right out of college waiting tables. Yeah |
| 1:17.1 | 2.01 an hour plus tips. Nice, but I remember Black Monday. Of course. What's the takeaway for investors? |
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