The 1987 Stock Market Crash

J.P. Morgan Asset Management published a review of the 1987 stock market crash known as Black Monday, when the Dow Jones Industrial Average fell more than 22% in a single day. The content outlines the background factors that contributed to the event, such as the bull market frenzy of the 1980s and the rapid spread of portfolio insurance, compares the current market environment to identify new risks and reassuring differences, and emphasizes the value of a long-term perspective.