October 19, 1987 is Black Monday (or Black Tuesday in Australia and New Zealand). It’s the day a global, sudden, unexpected and severe stock market crash hit. On this day, all of the 23 major world markets experienced a sharp decline.
According to Investopedia, October is a special month in finance. It houses what is known as the October effect—one of the most feared months in the financial calendar due to a running history of dark economic happens occurring in October. If nothing else, all of this reminds us of the crucial importance of investing wisely. Your risk and return must be balanced.
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