{"id":4118,"date":"2025-10-19T01:04:00","date_gmt":"2025-10-19T04:04:00","guid":{"rendered":"https:\/\/elinversordebolsillo.com.ar\/?p=4118"},"modified":"2025-10-13T16:43:26","modified_gmt":"2025-10-13T19:43:26","slug":"lunes-negro","status":"publish","type":"post","link":"https:\/\/elinversordebolsillo.com.ar\/en\/lunes-negro\/","title":{"rendered":"A 38 a\u00f1os del Lunes Negro en Wall Street. Su sorprendente Causa"},"content":{"rendered":"<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio has-large-font-size\">Anniversary of October 19<\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio has-medium-font-size\"><strong><em>October 19, 1987, became immortalized as Black Monday, as the New York Stock Exchange plummeted by 22.61p\/t in a single day, the worst day in its history. Let&#039;s look at the full story of this precipitous decline and its surprising causes.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio\">Background to the 1987 Wall Street Crash<\/h2>\n\n\n\n<p>The stock market crash of 1987, or Black Monday, was the result of a confluence of economic and financial factors that had been brewing for several years. To fully understand the magnitude and causes of this event, it is necessary to analyze the background that preceded it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key factors that contributed to the crisis:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Financial deregulation:<\/strong> Throughout the 1980s, a series of financial deregulations took place in the United States. These measures, while intended to foster innovation and competition, also eliminated some of the safeguards that had been established to protect the financial system.<\/li>\n\n\n\n<li><strong>Increase in debt:<\/strong> Corporate and government debt had increased significantly in the years leading up to the crisis. Companies had resorted to borrowing to finance acquisitions and expansions, making many of them vulnerable to market fluctuations.<\/li>\n\n\n\n<li><strong>Financial innovations:<\/strong> The emergence of new financial instruments and investment strategies, such as derivatives and algorithmic trading, has increased market complexity and made it more volatile.<\/li>\n\n\n\n<li><strong>Speculative bubble:<\/strong> Many analysts believe the US stock market was overvalued before the 1987 crash. Investment euphoria had led to a speculative bubble on Wall Street, causing stock prices to become decoupled from company fundamentals.<\/li>\n\n\n\n<li><strong>Geopolitical events:<\/strong> Geopolitical tensions, such as the Cold War and conflicts in the Middle East, created an environment of uncertainty that affected investor confidence.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img data-dominant-color=\"345c73\" data-has-transparency=\"false\" fetchpriority=\"high\" decoding=\"async\" width=\"2193\" height=\"1463\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226.webp\" alt=\"Bolsa ca\u00edda\" class=\"wp-image-6800 not-transparent\" style=\"--dominant-color: #345c73; width:659px;height:auto\" title=\"\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226.webp 2193w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226-300x200.webp 300w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226-1024x683.webp 1024w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226-768x512.webp 768w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226-1536x1025.webp 1536w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/crisis2-scaled-e1733504884226-2048x1366.webp 2048w\" sizes=\"(max-width: 2193px) 100vw, 2193px\" \/><figcaption class=\"wp-element-caption\">Black Monday<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Events that triggered Black Monday:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bad economic data:<\/strong> The release of negative economic data, such as a widening U.S. trade deficit, raised concerns about the health of the economy and contributed to a pessimistic market sentiment.<\/li>\n\n\n\n<li><strong>Mass sale:<\/strong> The massive sell-off of stocks by institutional investors and algorithmic trading programs amplified the price decline and created a downward spiral.<\/li>\n<\/ul>\n\n\n\n<p><strong>In summary,<\/strong> The 1987 crash was the result of a combination of structural and cyclical factors. Financial deregulation, rising debt, financial innovation, market overvaluation, and geopolitical events created an environment conducive to a crisis. The release of poor economic data and a massive stock sell-off acted as triggers.<\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio\">You might also be interested in:<\/h5>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/empezar-a-invertir-en-bolsa\/\">The Secrets to Starting to Invest in the Stock Market for Beginners<\/a><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/educacion-financiera\/\">How to obtain quality financial education?<\/a><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/asesor-financiero\/\">The secret to choosing an effective financial advisor<\/a><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/gestion-de-patrimonios\/\">How to achieve successful wealth management<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/servicios\/\"><img decoding=\"async\" width=\"851\" height=\"315\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/image-1.jpeg\" alt=\"\" class=\"wp-image-3997\" title=\"\" srcset=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/image-1.jpeg 851w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/image-1-300x111.jpeg 300w, https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/image-1-768x284.jpeg 768w\" sizes=\"(max-width: 851px) 100vw, 851px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio\"><strong>The Fall of 1987<\/strong><\/h2>\n\n\n\n<p>The Crash of 1987, also known as Black Monday, was a major stock market crash that occurred on October 19, 1987. On that day, the Dow Jones Industrial Average (DJIA) plummeted by a record 22,61%, closing at 1738.74. This was the largest single-day percentage drop in the history of a major U.S. stock market index.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Causes and contributing factors of the 1987 crisis:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Scheduled operations:<\/strong> The widespread use of computerized trading programs, which could execute large orders at lightning speed, contributed to the rapid decline. These programs were designed to sell when prices fell, exacerbating the downward spiral.<\/li>\n\n\n\n<li><strong>Increased volatility:<\/strong> The market was already experiencing increased volatility due to concerns about rising interest rates, the trade deficit, and geopolitical tensions.<\/li>\n\n\n\n<li><strong>Leveraged buyouts:<\/strong> The popularity of leveraged buyouts (LBOs) had led to an increase in corporate debt, making many companies vulnerable to economic downturns.<\/li>\n\n\n\n<li><strong>Market overvaluation:<\/strong> Some analysts argued that the market had become overvalued and that a correction was inevitable.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Impact and consequences:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global market crash:<\/strong> The crash had a domino effect on stock markets around the world, with many experiencing significant losses.<\/li>\n\n\n\n<li><strong>Economic uncertainty:<\/strong> The decline increased economic uncertainty and led to a slowdown in economic activity.<\/li>\n\n\n\n<li><strong>Regulatory changes:<\/strong> In response to the downturn, regulators implemented several measures to improve market stability, including increased capital requirements for financial institutions and stricter oversight of computerized trading systems.<\/li>\n<\/ul>\n\n\n\n<p>While the exact causes of the 1987 Crash are still debated, it remains one of the most significant events in financial history. <strong>The fall highlighted the interconnectedness of global markets and the potential risks associated with computerized trading.<\/strong>.<\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/elinversordebolsillo.com.ar\/wp-content\/uploads\/2024\/10\/image.jpeg\" alt=\"\" class=\"wp-image-3996\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio\">Market Recovery After the Crash<\/h2>\n\n\n\n<p>The 1987 market crash was a catastrophic event that shook the foundations of the global economy. However, <strong>Financial markets demonstrated a remarkable resilience<\/strong>How was this achieved? Let&#039;s analyze the key factors:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Actions of Governments and Central Banks:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Liquidity injection:<\/strong> Central banks, such as the US Federal Reserve, injected large amounts of liquidity into the financial system to prevent a banking crisis and restore investor confidence.<\/li>\n\n\n\n<li><strong>Government guarantees:<\/strong> Governments offered guarantees on bank deposits and supported struggling financial institutions to prevent a systemic collapse.<\/li>\n\n\n\n<li><strong>Regulatory measures:<\/strong> New regulations were implemented to strengthen financial market oversight and reduce systemic risk.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market Reaction:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purchase of the low:<\/strong> Many investors took advantage of the fall in prices to buy shares at low prices, anticipating an eventual recovery.<\/li>\n\n\n\n<li><strong>Portfolio rebalancing:<\/strong> Institutional investors and pension funds rebalanced their portfolios, which generated demand for stocks and helped stabilize the market.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Key Economic Factors:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strength of the US economy:<\/strong> Despite the fall, l<strong>The US economy remained fundamentally sound<\/strong>This, along with the stimulus measures implemented by the government, contributed to the recovery.<\/li>\n\n\n\n<li><strong>Low interest rates:<\/strong> Low interest rates stimulated investment and consumption, boosting the economy.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Psychological Factors:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regaining trust:<\/strong> Over time, investors regained confidence in the financial markets, which <strong>encouraged investment and growth<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Why was the recovery so rapid?<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nature of the crisis:<\/strong> Unlike the Great Depression, the 1987 crash was largely caused by technical and psychological factors, rather than by fundamental problems in the real economy.<\/li>\n\n\n\n<li><strong>Rapid and coordinated response:<\/strong> Governments and central banks responded quickly and in a coordinated manner to the crisis, helping to prevent a broader economic collapse.<\/li>\n\n\n\n<li><strong>Flexibility of the financial system:<\/strong> The financial system had evolved since the Great Depression and was more flexible and resilient to crises.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\"><strong>In summary,<\/strong> The market recovery from the 1987 crash was the result of a combination of factors, including government actions, market reaction, fundamental economic, technological, and psychological factors. This crisis served as a reminder of the importance of financial regulation and the need for <strong>maintain investor confidence.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading wp-embed-aspect-16-9 wp-has-aspect-ratio has-medium-font-size\">Both you and your company can also invest in quality companies.<\/h2>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\">Getting the best financing for your business isn&#039;t easy. And you&#039;re also focused on improving your business, so financial matters can be difficult. Don&#039;t worry, we&#039;re here to help.<br><strong>With the <a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/financiamiento-empresas\/\" data-type=\"post\" data-id=\"2822\">Financial Optimization Program<\/a> From El Inversor de Bolsillo\u00ae, we evaluate the company and give you specific suggestions to optimize the performance of your current balances and reduce your interest burden. <\/strong>We help you manage the registration in a Reciprocal Guarantee Society and <strong>get the best rates on the market<\/strong>. After the three free months have passed, a set number of monthly hours of financial consulting is provided.<\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\">In the <strong><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/nuestros-servicios\/mentoria-financiera\/\" data-type=\"post\" data-id=\"2813\">Financial Mentoring<\/a> With El Inversor de Bolsillo\u00ae you can learn while you invest, and we&#039;ll guide you according to your needs.<\/strong> Financial consulting for individuals includes one-on-one advisory sessions, online courses, stock market reports and everything you need to <strong>your investment is a success<\/strong>, so much <strong>investing in Argentina as in any other part of the world.<\/strong><br>There are different monthly plans of <strong>according to your circumstances and your budget<\/strong>The most important thing is that whichever plan you choose, <strong>you'll never be alone<\/strong>We will accompany you in your learning so that you can <strong>invest successfully.<\/strong><\/p>\n\n\n\n<p class=\"wp-embed-aspect-16-9 wp-has-aspect-ratio\">If you want to learn more about how to invest risk-free, visit our website. <a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/\">www.elinversordebolsillo.com.ar<\/a> either <a href=\"https:\/\/www.youtube.com\/@elinversordebolsillo\" target=\"_blank\" rel=\"noopener\">our YouTube channel<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Personal Finance - Organize your finances and make ends meet\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/BjfqtBbhKUw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" 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target=\"_self\">Who is Doctor Catastrophe and his surprising prophecy?<\/a><\/h4><\/div>\n<\/div>\n\n<\/li><\/ul>\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Keyword search engine<\/h3>\n<\/div>\n\n\n<p class=\"wp-block-tag-cloud\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/aeronautica\/\" class=\"tag-cloud-link tag-link-60 tag-link-position-1\" style=\"font-size: 8pt;\" aria-label=\"Aeronautics (4 items)\">Aeronautics<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/ahorro\/\" class=\"tag-cloud-link tag-link-328 tag-link-position-2\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"savings (7 items)\">saving<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/apple\/\" class=\"tag-cloud-link tag-link-173 tag-link-position-3\" style=\"font-size: 10.095808383234pt;\" aria-label=\"Apple (8 items)\">Apple<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/asesor-financiero\/\" class=\"tag-cloud-link tag-link-159 tag-link-position-4\" style=\"font-size: 11.437125748503pt;\" aria-label=\"Financial Advisor (12 items)\">Financial Advisor<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/bancos\/\" class=\"tag-cloud-link tag-link-193 tag-link-position-5\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"banks (7 items)\">banks<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/berkshire-hathaway\/\" class=\"tag-cloud-link tag-link-71 tag-link-position-6\" style=\"font-size: 8pt;\" aria-label=\"Berkshire Hathaway (4 items)\">Berkshire Hathaway<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/bolsa-de-valores\/\" class=\"tag-cloud-link tag-link-39 tag-link-position-7\" style=\"font-size: 19.40119760479pt;\" aria-label=\"Bolsa de valores (114 items)\">Stock market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/bonos\/\" class=\"tag-cloud-link tag-link-322 tag-link-position-8\" style=\"font-size: 9.2574850299401pt;\" aria-label=\"bonds (6 items)\">bonds<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/burbuja\/\" class=\"tag-cloud-link tag-link-289 tag-link-position-9\" style=\"font-size: 10.095808383234pt;\" aria-label=\"bubble (8 items)\">bubble<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/burbuja-puntocom\/\" class=\"tag-cloud-link tag-link-239 tag-link-position-10\" style=\"font-size: 11.185628742515pt;\" aria-label=\"Dotcom bubble (11 items)\">Dot-com bubble<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/byma\/\" class=\"tag-cloud-link tag-link-83 tag-link-position-11\" style=\"font-size: 10.51497005988pt;\" aria-label=\"byma (9 items)\">byma<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/commodities\/\" class=\"tag-cloud-link tag-link-373 tag-link-position-12\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"commodities (5 items)\">commodities<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/compania-de-los-mares-del-sur\/\" class=\"tag-cloud-link tag-link-349 tag-link-position-13\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"South Sea Company (5 items)\">South Sea Company<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/consejos-financieros\/\" class=\"tag-cloud-link tag-link-164 tag-link-position-14\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"Financial advice (5 items)\">Financial advice<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/criptomonedas\/\" class=\"tag-cloud-link tag-link-237 tag-link-position-15\" style=\"font-size: 9.2574850299401pt;\" aria-label=\"Cryptocurrencies (6 items)\">Cryptocurrencies<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/crisis\/\" class=\"tag-cloud-link tag-link-88 tag-link-position-16\" style=\"font-size: 12.023952095808pt;\" aria-label=\"crisis (14 items)\">crisis<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/crisis-subprime\/\" class=\"tag-cloud-link tag-link-101 tag-link-position-17\" style=\"font-size: 10.095808383234pt;\" aria-label=\"subprime crisis (8 items)\">subprime crisis<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/curso-de-finanzas-gratuito\/\" class=\"tag-cloud-link tag-link-594 tag-link-position-18\" style=\"font-size: 13.02994011976pt;\" aria-label=\"curso de finanzas gratuito (19 items)\">free finance course<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/economia\/\" class=\"tag-cloud-link tag-link-397 tag-link-position-19\" style=\"font-size: 11.185628742515pt;\" aria-label=\"economics (11 items)\">economy<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/empezar-a-invertir\/\" class=\"tag-cloud-link tag-link-38 tag-link-position-20\" style=\"font-size: 15.964071856287pt;\" aria-label=\"Empezar a invertir (44 items)\">Start investing<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/esquema-piramidal\/\" class=\"tag-cloud-link tag-link-255 tag-link-position-21\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"pyramid scheme (7 items)\">pyramid scheme<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/estados-unidos\/\" class=\"tag-cloud-link tag-link-172 tag-link-position-22\" style=\"font-size: 10.095808383234pt;\" aria-label=\"United States (8 items)\">USA<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/facebook\/\" class=\"tag-cloud-link tag-link-177 tag-link-position-23\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"Facebook (5 items)\">Facebook<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/finanzas\/\" class=\"tag-cloud-link tag-link-31 tag-link-position-24\" style=\"font-size: 18.562874251497pt;\" aria-label=\"finanzas (90 items)\">finance<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/finanzas-personales\/\" class=\"tag-cloud-link tag-link-32 tag-link-position-25\" style=\"font-size: 16.88622754491pt;\" aria-label=\"Finanzas personales (56 items)\">Personal finances<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/ibm\/\" class=\"tag-cloud-link tag-link-380 tag-link-position-26\" style=\"font-size: 8pt;\" aria-label=\"IBM (4 items)\">IBM<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/inflacion\/\" class=\"tag-cloud-link tag-link-228 tag-link-position-27\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"inflation (5 items)\">inflation<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/inglaterra\/\" class=\"tag-cloud-link tag-link-293 tag-link-position-28\" style=\"font-size: 8pt;\" aria-label=\"England (4 items)\">England<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/libros-de-finanzas\/\" class=\"tag-cloud-link tag-link-166 tag-link-position-29\" style=\"font-size: 8pt;\" aria-label=\"finance books (4 items)\">finance books<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/libros-de-inversion\/\" class=\"tag-cloud-link tag-link-284 tag-link-position-30\" style=\"font-size: 8pt;\" aria-label=\"investment books (4 items)\">investment books<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/ltcm\/\" class=\"tag-cloud-link tag-link-127 tag-link-position-31\" style=\"font-size: 8pt;\" aria-label=\"LTCM (4 items)\">LTCM<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mentoria-financiera\/\" class=\"tag-cloud-link tag-link-61 tag-link-position-32\" style=\"font-size: 13.02994011976pt;\" aria-label=\"financial mentoring (19 items)\">financial mentoring<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mercado-argentino\/\" class=\"tag-cloud-link tag-link-126 tag-link-position-33\" style=\"font-size: 15.880239520958pt;\" aria-label=\"mercado argentino (43 items)\">Argentine market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mercado-de-valores\/\" class=\"tag-cloud-link tag-link-35 tag-link-position-34\" style=\"font-size: 19.820359281437pt;\" aria-label=\"mercado de valores (128 items)\">stock market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/mercado-internacional\/\" class=\"tag-cloud-link tag-link-70 tag-link-position-35\" style=\"font-size: 22pt;\" aria-label=\"mercado internacional (234 items)\">international market<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/meta\/\" class=\"tag-cloud-link tag-link-178 tag-link-position-36\" style=\"font-size: 8pt;\" aria-label=\"Meta (4 items)\">Meta<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/microsoft\/\" class=\"tag-cloud-link tag-link-231 tag-link-position-37\" style=\"font-size: 9.6766467065868pt;\" aria-label=\"Microsoft (7 items)\">Microsoft<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/nasdaq\/\" class=\"tag-cloud-link tag-link-104 tag-link-position-38\" style=\"font-size: 8pt;\" aria-label=\"Nasdaq (4 items)\">Nasdaq<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/petroleo\/\" class=\"tag-cloud-link tag-link-383 tag-link-position-39\" style=\"font-size: 10.51497005988pt;\" aria-label=\"Oil (9 items)\">Oil<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/rusia\/\" class=\"tag-cloud-link tag-link-41 tag-link-position-40\" style=\"font-size: 8pt;\" aria-label=\"Russia (4 items)\">Russia<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/steve-jobs\/\" class=\"tag-cloud-link tag-link-175 tag-link-position-41\" style=\"font-size: 9.2574850299401pt;\" aria-label=\"Steve Jobs (6 items)\">Steve Jobs<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/tecnologia\/\" class=\"tag-cloud-link tag-link-391 tag-link-position-42\" style=\"font-size: 11.185628742515pt;\" aria-label=\"Technology (11 items)\">Technology<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/value-investing\/\" class=\"tag-cloud-link tag-link-95 tag-link-position-43\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"value investing (5 items)\">value investing<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/wall-street\/\" class=\"tag-cloud-link tag-link-234 tag-link-position-44\" style=\"font-size: 8.6706586826347pt;\" aria-label=\"Wall Street (5 items)\">Wall Street<\/a>\n<a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/etiquetas\/warren-buffett\/\" class=\"tag-cloud-link tag-link-69 tag-link-position-45\" style=\"font-size: 13.532934131737pt;\" aria-label=\"warren buffett (22 items)\">Warren Buffett<\/a><\/p>\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Explore categories<\/h3>\n\n\n<ul class=\"wp-block-categories-list wp-block-categories\">\t<li class=\"cat-item cat-item-50\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/abril\/\">April<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-54\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/agosto\/\">August<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-77\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/\">Blog<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-78\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/consejos-financieros\/\">Financial advice<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-418\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/curso-de-finanzas\/\">Finance Course<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-58\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/diciembre\/\">December<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-46\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/\">Anniversaries<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-47\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/enero\/\">January<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-48\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/febrero\/\">February<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-30\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/finanzas-personales\/\">Personal Finance<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-53\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/julio\/\">July<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-52\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/junio\/\">June<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-49\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/marzo\/\">March<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-51\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/mayo\/\">May<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-29\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/mercado-argentino\/\">Argentine Market<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-28\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/mercado-internacional\/\">International Market<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-167\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/miscelaneo\/\">Miscellaneous<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-256\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/noticias\/\">News<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-57\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/noviembre\/\">November<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-27\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/nuestros-servicios\/\">Our services<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-56\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/octubre\/\">October<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-55\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/blog\/efemerides\/septiembre\/\">September<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-1\"><a href=\"https:\/\/elinversordebolsillo.com.ar\/en\/sin-categoria\/\">Uncategorized<\/a>\n<\/li>\n<\/ul>\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>October 19, 1987, became immortalized as Black Monday, as the New York Stock Exchange plummeted by 22.61p\/t in a single day, the worst day in its history. Let&#039;s look at the full story of this dramatic decline and its surprising causes.<\/p>","protected":false},"author":2,"featured_media":6799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[77,46,28,56],"tags":[204,205,203,35,70],"class_list":["post-4118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-efemerides","category-mercado-internacional","category-octubre","tag-crack","tag-crack-1987","tag-lunes-negro","tag-mercado-de-valores","tag-mercado-internacional"],"_links":{"self":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts\/4118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/comments?post=4118"}],"version-history":[{"count":7,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts\/4118\/revisions"}],"predecessor-version":[{"id":9297,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/posts\/4118\/revisions\/9297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/media\/6799"}],"wp:attachment":[{"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/media?parent=4118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/categories?post=4118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elinversordebolsillo.com.ar\/en\/wp-json\/wp\/v2\/tags?post=4118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}