A "Black Monday" History and Analysis

newinvestor123 said: "I ran across this excellent analysis of "Black Monday" on reddit today. I've always been a little fuzzy on just what happened that infamous day, and now I know - Pure chaos. The DOW lost over 22% in a perfect storm of fear, market inefficiencies, derivatives meltdown, and other things, even though the economy was relatively strong at the time. This one's well worth a read: [url]http://www.american.com/archive/2007/september-0907/the-hunt-for-black-october[/url]"

Rbreb13 said: "Wow, great find New! Really long but it was enlightening."

Corey said: "Bookstaber's 'A Demon of Our Own Design' had an excellent explanation of the crash -- he was chiefly responsible for the hedging strategies and portfolio insurance going on at the time, which many have tied to the crash. The first hundred pages of the book are well worth the read. The rest drags a bit. Thanks for the link :th_dblthumb2:"