Who remembers Black Monday?

 I remember it well.  My senior editor, JLM, had turned on a radio in his office to follow the events, which was without precedent.  I didn't have any money in the market in those days, but I was concerned about the possibility of another Great Depression.

Here's a nice retrospective on the events of that day.

The 1929 crash was down 13% in one day.  Black Monday in 1987 was down 22%, bringing the three-day loss to about 33%.