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A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History
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The definitive account of the crash of 1987, a cautionary tale of how the US financial system nearly collapsed-from the bestselling author of The Wizard of Lies
Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent-almost twice as bad as the worst day of 1929-equal to a one-day loss of nearly 5,000 points today.
Black Monday was more than seven years in the making and threatened nearly every US financial institution. Drawing on superlative arc...