Sunday, December 30, 2012

Media Coverage of the October 19, 1987 Stock Market Crash (-22.6%)

On October 19, 1987, the Dow Jones Industrial Average crashed 22.6%, the biggest crash ever recorded in a single day (official list here). Check out all of the media coverage I found. This graphic via The Nightly Business Report is currently my avatar on Twitter. How crazy was this move?

1987 Stock Market Crash via NBR

Source: USA Today
Source: WSJ via The Big Picture
Source: New York Times via The Big Picture

Watch Neil Cavuto on The Nightly Business Report (now on Fox), Ron Insana and Bill Griffeth on the Financial News Network (now on CNBC), and Max Keiser on the CBS Evening News cover the 1987 stock market crash.








Before October 1987, the biggest stock market crash occurred on October 28, 1929, when the Dow plunged 12.82% (it lost 11.73% on October 29, 2012 as well). Here is a video on that.




Recent posts on crashes:
Watch CNBC's Coverage of the 2010 Flash Crash; The Dow Plunged 9.2% Intraday;
When The House Failed to Pass the $700 Billion Bailout Bill The Dow Plunged 7% (Videos From 9/29/2008)
Remember The February 27, 2007 Flash Crash? The Shanghai Composite Crashed As Well (CNBC);
Media Coverage of the Dow's "Mini-Crash" on October 27, 1997 (And SEC Report)

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