Market Review and Trends
A lookback into 1987 Black Monday
By The Sleepydevil's Adventure  •  September 16, 2017
Dow Jones Industrail Average - Closing Price 22,268.34 points on 14/09/17. This is 3 times the price to pay for since Global Financial Crisis in 2008. Dow Jones Industrail Average (DJIA) is a stock market index just like our local STI which consists of 30 major companies which includes: 3M, Amex, Boeing, Coca-Cola, ExxonMobil, General Electric, Goldman Sachs, Apple, Microsoft, United Technologies, Walmart and more. I've never participated in any market crashes before. Throughout my life on earth, I've only been through GFC in 2008. However as DJIA is breaking its all time record high and closing at 22,203.48 yesterday. As such, I've decided to look-back into market crashes and reading more about them. I'll look back into 30 years ago, starting with the Black Monday in 1987.  On 19 October 1987, the stock market around the world crashes. DJIA fell by 508 points (22.61%) to 1,738.74. The largest one-day percentage drop in ......
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By The Sleepydevil's Adventure
I'm a kid born in 1998. At this moment of writing this, I'm age 19 20 and currently a 3rd year student in a local polytechnic awaiting for conscription. I will be working towards the goal of achieving financial freedom and escaping the rat race. I've embarked on the financial journey in 2017 with money I've earned from my part time jobs and savings that I'm able to amassed from occasions such as the Chinese New Year.
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