Sunday, October 01, 2006

10 geek thoughts for the weekend
http://rondam.blogspot.com/2006/10/top-ten-geek-business-myths.html

Now on a positive note: Lets see what October has for us little investors:

From wikipedia.org

Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) fell 22.6%. The Black Monday one-day decline was not confined to the United States but was mirrored all over the world. By the end of October, stock markets in Australia had fallen 41.8%, Canada 22.5%, Hong Kong 45.8%, and the United Kingdom 26.4%.
(The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.)
The Black Monday decline was the second largest one-day percentage decline in stock market history. The largest one occurred on Saturday, December 12, 1914, when the DJIA fell 24.39%. However, in that case, the New York market had been closed since July due to the outbreak of WW I. The greatest point loss in DJIA history was on Monday, September 17, 2001, 684.81 points, six days after the terrorist attack on NYC.
A certain degree of mystery is associated with the 1987 crash. Many have noted that no major news or events occurred prior to the Monday of the crash, the decline seeming to have come from nowhere. Important assumptions concerning human rationality, the efficient market hypothesis, and economic equilibrium were brought into question by the event. Debate as to the cause of the crash still continues many years after the event, with no firm conclusions reached.

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