Could the 1987 stock market crash repeat?
Strategist Shane Oliver says it is reasonable to wonder if a re-run of the October 19 crash two decades ago is possible now.
"Black Monday" occurred 20 years ago, the largest single-day stock market decline the world had experienced since World War I. On 19 October, 1987, the Dow Jones Industrial Average fell nearly 25%. With that anniversary looming amid more recent market turmoil, Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors, wonders if thereÆs any risk of a repeat.ôWhile the anniversary itself has the potential to create jitters, the current situation in share ma…
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