Black Monday Remembered: Buying Opportunity of a Lifetime

While October 19, 1987 is typically remembered as one of the worst days in market history, it should really be regarded as the buying opportunity of a lifetime. Since the close on 10/19/87, the DJIA has risen by 700%.

Since 10/18/87 (one day earlier), the total percent change falls to 518%.

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Comments

[anon:]

And this helps us how? Where do I find this magical time machine to go back and do that? C'mon!

2007 Oct 19 05:28 PM

[Gob:]

Cmon!

2007 Oct 20 01:45 AM

[Roger Enright:]

Good info. Let's hope we see some value buying on Monday.

2007 Oct 20 07:36 PM

[calvino:]

Friends, usually I find your posts to be instructive. This one goes against your pattern. The next one, two, three, four, five, six, seven and eight years were buying opportunities of a lifetime! Look at the chart!

2007 Oct 21 10:22 PM