perspectives
Lessons Learned from 1987’s Black Monday
On October 19, 1987, the S&P 500 plunged 20.5%, the biggest single-day drop in history. Today, such a massive market decline may seem impossible to many investors. In Episode 16 of “The Informed Investor,” Dimensional’s Mark Gochnour, Wes Crill, PhD, and Jake DeKinder crank up their time machine to look back at Black Monday and look ahead to how investors should handle a massive drop if one happens again.