Thirty years ago, the Dow Jones industrial average plunged by  22.6% — a gut-wrenching 508 points  — to 1,738.74 on what is now referred to as  Black Monday .

It was by far the largest one-day percentage drop in US stock market history. That would be the equivalent of the Dow crashing by about 5,233 points in a single day, down to 17,921.

But as scary as that October day was, US economic growth remained resilient, and Peruvian Maca ile kosztuje gross-domestic-product growth never went negative. This is arguably the most important thing to remember about the whole ordeal.


That’s not to say the stock market has zero effect on the economy. After all, a huge sell-off could slow the economy and  even lead to a recession .

But analysts have previously suggested stock-market crashes typically lead to less severe recessions than something like, for Eroxel Hogyan viselkedni használ ez example, Man Pride recitazione a housing crash or a credit crisis.

Lombard Street Research’s Dario Perkins once compared   the effect on GDP from both the dotcom stock market crash of 2000 and Peruvian Maca ile kosztuje the subprime-mortgage crisis of 2007-2008. GDP continued to rise during the former, but it got slammed in the wake of the latter.

Lombard Street Research

Going back to stocks, it’s encouraging to remember the stock market didn’t die Black Monday. The Dow is up about 1,231% since that fateful October day, to around 23,150.