>>60603917>They literally had nonstop bull runs to the point someone staying at home day trading became a viable source of income.Notable stock market crashes between 1960 and 2025
Several significant stock market crashes and downturns have occurred between 1960 and July 2025:
Kennedy Slide (1962):A flash crash in 1962 saw the Dow Jones Industrial Average fall by 5.7%, the second largest point decline at that time.Bear Market of 1970:Rising inflation, increasing interest rates, and the Vietnam War led to a 36.1% decline in the S&P 500 over 20 months.1973–1974 Stock Market Crash:Dramatic increases in oil prices, the miners' strike, and the downfall of the Heath government in the UK triggered a global downturn lasting 23 months.Black Monday (1987):On October 19, 1987, the Dow Jones Industrial Average experienced its largest single-day percentage decline, falling 22.6% (508 points),according to EBSCO. This crash is often attributed to a combination of factors, including program trading, portfolio insurance, index arbitrage, and worsening economic indicators like the US trade deficit.Dot-Com Bubble Burst (2000):Excessive speculation in internet-related companies led to a sharp decline in the NASDAQ Composite index, which fell 78% between March 2000 and October 2002, erasing significant gains from the preceding bubble period.Global Financial Crisis (2007-2009):This crisis, considered the most severe since the Great Depression, stemmed from a boom and bust in the housing market, loose credit, and rampant speculation. It led to a protracted economic contraction known as the Great Recession, resulting in millions of job losses and a significant decline in household wealth.