Jump to content

Search the Community

Showing results for tags 'meltdown monday 10-19-1987'.

More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • RVing Forums
    • Beginning RVing
    • General RV Information
    • Sharing the Fulltime Lifestyle
    • Graduating to Fulltime
    • Technical Tips and Tricks
    • Internet Access on the Road
    • Satellite TV and Radio on the Road
    • RVing on a Budget
    • Working on the Road
    • Volunteering Adventures
    • Day's End
    • Travel
    • Boondocking
    • RV Housekeeping
    • RV Action Items
    • Travel Logs
    • Escapees RV Club Events
    • Road to Escapade
    • RVing With Pets
    • RVing Families
  • RV Types
    • Class A
    • Class B
    • Class C
    • Fifth-Wheel
    • Travel Trailer
    • MDT
    • HDT
    • Bus Conversions
  • RV Marketplace
    • RV Rig Exchanges
    • RVs, Tows, and Toads for Sale
    • RV Accessories for Sale
    • RVs (And Accessories) Wanted
    • Workers Wanted
    • RVers Looking for Work
    • RV Sites/Lots/Memberships for Sale
  • Other Subjects
    • RVillage
    • Computers and Software
    • Amateur Radio
    • Activities and Hobbies
    • Veterans
    • Finances and Investing
    • Health Issues and Medical Insurance
    • Recipes
    • Other Topics
  • Site and Forum Operation
    • About the Discussion Forums
    • Bugs and Feature Requests
    • Test Posts


There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start





Website URL








Found 1 result

  1. Were you investing in stocks 30 years ago? Below comment is extracted from Eddie Elfenbein's weekly email: October 13, 2017 “In business, competition is never as healthy as total domination.” – Peter Lynch This Thursday will mark the 30th anniversary of the 1987 market crash, or “Meltdown Monday” as it’s come to be known. On October 19, 1987, the Dow plunged 508 points. In percentage terms, this was a loss of 22.61%. In today’s terms, that would be like a loss of more than 5,000 points! Three decades later, the 1987 crash sill ranks as the biggest one-day percentage loss in history. It’s nearly double the second-biggest loss, which came in October 1929. With the modern “circuit breakers,” this record may never be broken. If the S&P 500 falls by 20% nowadays, the exchanges shut down for the day. I often hear stock market “experts” predicting that another 1987 is about to come our way. I always think to myself, “oh, so you’re predicting another 1,000% return over the next 30 years.” Yes, that’s what the Wilshire 5000 did measuring from the market close on the day of the crash. And if we include dividends, then the index is up more than 2,000%. The fact is that the 1987 panic was a great time to buy.