Black Monday
The black monday refers to Monday 19th October 1987 when stock market values around the world fell heavily triggered by a large fall in US share prices. On Black Monday, the S&P 500 Index lost 20,5%, the dow Jones Industrial average (DJIA) lost 22,6%. The nasdaq Composite, however, lost "only" 11,3%. |
Similar financial terms
Black-Scholes modelThe Black-Scholes model is the most commonly used formula when evaluating European call and put options. The equation was first published by economists Myron Scholes and the late Fisher Black in 1973. Later, Scholes and Robert Merton earned the Nobel Prize in Economics (1997) for the work done on the model and for its general contribution to the understanding of valuation of financial assets.
The formula makes some key assumptions that must be fulfilled in order to give the right answer ...
Black market
An illegal market.
Black Friday
A precipitous drop in a financial market . The original Black Friday occurred on September 24, 1869, when prospectors attempted to corner the gold market.
