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[Capitalism] “Black Monday” Revisited (Steven Hayward) With the stock market at or near all-time highs, and with traditional measures suggesting it is overvalued, I’ve been seeing a number of articles about today’s anniversary of the crash of October 19, 1987, when the Dow crashed 22 percent in a single day—still the largest one-day decline in history. A lot of the articles I’m seeing now say “we still don’t know exactly why it happened,” but I think Published:10/19/2021 11:42:19 AM
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