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Nematrian Reference Library

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First paragraph "The 20th anniversary of what came to be known as “Black Monday” - 19 October 1987 - provides a memorable platform for considering, yet again, the role of risk in our financial markets. On that single day, the Dow Jones Industrial Average dropped from 2,246 to 1,738, an astonishing decline of almost 25 percent, nearly twice the largest previous daily decline of 13 percent. The 13 percent decline, which took place on 24 October 1929 - known as “Black Thursday” - proved to be a distant early warning that the Great Depression lay ahead."

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