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Published: October 21, 2007
Panic struck Wall Street 20 years ago
The 366-point drop in the Dow Jones Industrial Average on Friday was an unwelcome reminder that it was the 20-year anniversary of "Black Monday,” when the Dow fell almost 23 percent in one day.
This time, however, the big point loss translated only to a 2.64 percent drop because the Dow has crossed the 13,000 level in the 20-year interim.
But when the Dow fell 508 points in a remarkable free-fall Oct. 19, 1987,...
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