

<head> Tipster Topic Description


<num> Number: 105


<dom> Domain: Finance 


<title> Topic: "Black Monday"


<desc> Description:

Document will state reasons why U.S. stock markets crashed on 19 October 1987
("Black Monday"), or report on attempts to guard against another such crash.


<smry> Summary:

Document will state reasons why U.S. stock markets crashed on 19 October 1987
("Black Monday"), or report on attempts to guard against another such crash.


<narr> Narrative:

A relevant document will contain at least one reason why U.S. stock markets 
experienced a huge price drop on 19 October 1987, losses of equity so large 
that markets were said to have crashed (the Dow, for example, lost 508 points
on that one day alone); the date of the crash has become known as "Black 
Monday."  A preferable document would contain a detailed analysis of the 
crash. The best document would link analysis of events to actions taken or 
recommendations made by federal authorities or the stock markets to prevent 
future crashes.  NOT relevant are reports which simply reference, without 
analysis, "Black Monday," such as anniversary stories generated by the press 
around every October 19th.   


<con> Concept(s):

1. 19 October 1987, "Black Monday"

2. New York Stock Exchange, Securities and Exchange Commission, SEC, 
National Association of Securities Dealers

3. Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Futures 
Trading Commission, CFTC

4. program trading, index arbitrage, futures market, portfolio insurance, 
specialists, margins, super DOT system

5. Brady Commission, circuit breaker


<fac> Factor(s):

<nat> Nationality: U.S.

<time> Time: any time after 19 October 1987 

</fac>


<def> Definition(s):