The lessons of Black Monday
Sunday October 14, 2007
Twenty years ago this week, panic-stricken City traders were plucking at their red braces in alarm, as the value of the FTSE 100 plunged by more than a fifth in a single day, on what became known as Black Monday.
New research by HBOS shows they would have been wise to keep their heads as panic erupted all around them. The value of £1,000 invested in the FTSE 100 as the crash hit in October 1987 would be £6,843 today.