Exactly 25 years ago today, the DJIA fell 22.6%. What came to be known as Black Monday was actually the culmination of a four-day slide of over 30%. In historical terms the one-day loss was the largest in history, far exceeding the 12.8% loss in The Great Crash of 1929.
Yahoo Finance's Jeff Macke discusses what really drove Black Monday with Eric Singer, author of the book Trade the Congressional Effect and Manager of Congressional Effect Funds.
