13 Oktober 1987: Welke Dag?
Black Monday: Stock Market Crash
On October 13, 1987, a day known as Black Monday, the stock market experienced one of the largest crashes in history. It was a day that would go down in the annals of financial history as one of the most dramatic and chaotic days ever seen.
What Happened?
On that fateful day, stock markets around the world experienced a sharp decline in value, with the Dow Jones Industrial Average (DJIA) plummeting by 22.61% from 2,246 to 1,739 points. The crash was global, with stock markets in Hong Kong, London, and other major financial centers also experiencing significant declines.
Causes of the Crash
The causes of the crash are still debated among economists and financial experts, but some of the contributing factors include:
- Computer glitches: There were reports of computer errors and glitches that caused traders to make incorrect trades, leading to a ripple effect in the market.
- Program trading: The use of computer programs to automatically buy and sell stocks based on certain market conditions was a relatively new phenomenon at the time, and some experts believe that these programs may have exacerbated the crash.
- Overvaluation: Some analysts believe that the stock market was overvalued in the months leading up to the crash, making it vulnerable to a correction.
- Global economic concerns: There were concerns about the slowing global economy, particularly in the United States, which may have contributed to the sell-off.
Aftermath
The crash of 1987 had a significant impact on the global economy, leading to:
- Recession fears: The crash sparked fears of a recession, which ultimately did not materialize.
- Regulatory changes: The crash led to changes in financial regulations, including the implementation of circuit breakers to prevent similar crashes in the future.
- Increased investor caution: The crash made investors more cautious, leading to a more risk-averse approach to investing.
Conclusion
The stock market crash of October 13, 1987, was a significant event in financial history, causing widespread panic and chaos. While the causes of the crash are still debated, it serves as a reminder of the importance of prudent investing and regulatory oversight.
